$5,000 investments that are worth +$1 million: Bitcoin: 9 yrs ago Nvidia: 10 yrs ago Tesla: 14 yrs ago Netflix: 16 yrs ago Apple: 20 yrs ago Amazon: 22 yrs ago Starbucks: 32 yrs ago Microsoft: 33 yrs ago Costco: 35 yrs ago Nike: 37 yrs ago Walmart: 40 yrs ago Disney: 50 yrs ago

Target Corp (TGT) shares dropped over 18% in pre-market trading on Wednesday after the retailer posted lower third-quarter profit and warned of a soft holiday period ahead. Pre-tax earnings fell by 11.6% to $1.09 billion during the third quarter, as revenue climbed by 1.1% to $25.67 billion and gross margins fell by 0.2% to 27.2%. Analysts had been expecting revenue of $25.90 billion, while earnings also undershot forecasts of $2.30 per share at $1.85, reflecting Target’s biggest miss in two years. “Unique challenges” hit the business over the quarter, chief executive Brian Cornell said, including softness in discretionary categories and October’s strike among US port workers.

For covered call selling (aka PMI) lovers: UNG offers 5% a month on at-the-money calls. Be careful though, it can move fast. For those who is new to nat gas: storage is like 40% above 5-year average, but production is falling and demand is EXPECTED (translation: it is speculation) to rise. Hence high implied volatility, reflected in the high option premium. 0834 ET - U.S. natural gas futures are extending last week's bounce off technical support, backed by LNG feedgas demand and prospects of more power-sector use as Texas weather heats up. "If LNG can edge higher, a boost from laggard Henry Hub physical pricing may reinforce upward momentum for Nymex gas," Eli Rubin of EBW Analytics says in a note. Also supportive is the decline in natural gas rigs, which fell by 3 last week to 102, according to Baker Hughes. "Producers have shed 19 rigs in 11 weeks, and the trend is likely to continue," Rubin says. Natural gas for June delivery is up 1.9% at $2.183/mmBtu. (anthony.harrup@wsj.com) P.S. I have a large position in NatGas and am losing big $ today on the three-day runup 😪. I have been biased short thinking the spike last week was a short covering and will exhaust itself.