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#13966 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $621900
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Quote:
What I notice about trading options is that I will day trade/scalp options for 10-20% gains when the market is choppy. Sometimes this is a buy and sell that only takes 5-10 minutes. If there's good direction or better setups, I will swing them a few days out. I did a META call on Wednesday near close and sold this morning for a 200% profit. I sat out the rest of today and I am glad I did. I have a CVX option that I have held for a week that's up 66%, I sold 50% for profit and will hold the rest longer than most with oil pumping. |
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Posts: 46,019
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#13967 |
Veteran
Join Date: Jan 2005
Location: SLC, UT
Casino cash: $8525460
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Posts: 1,782
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#13968 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1471110
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The Fed governors all spoke in concurrent times from around noon and all put the kibosh on lowering interest rates. Right about the same time they began selling off the market, the Israeli / Iran conflict ratched up big time and the market shit the bed.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 51,587
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#13969 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Quote:
I better check out the Israel Iran shit. That could get serious. |
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Posts: 57,557
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#13970 | |
Veteran
Join Date: Oct 2002
Location: Bismarck
Casino cash: $1048196
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Quote:
This past week SPY has seemed to start out great, and then shits the bed the last 10 minutes of trading. Tomorrow I'm going to buy some 0dte puts and hold em until the inevitable daily meltdown. |
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Posts: 1,262
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#13971 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1471110
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I feel a major correction coming when Iran retaliates against Israel / US.
They are ****ing pissed
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 51,587
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#13972 |
Starter
Join Date: Apr 2024
Location: North Dakota
Casino cash: $-1079500
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Posts: 284
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#13973 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $430477
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Posts: 40,721
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#13974 |
Veteran
Join Date: Jan 2005
Location: SLC, UT
Casino cash: $8525460
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Posts: 1,782
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#13975 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $430477
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Posts: 40,721
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#13976 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $609901
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Inflation reignites. CPI up 3.8% in March. We're going in the wrong direction. How does the Fed lower rates in this scenario? They don't unless there's a huge reversal from what's been happening over the past few months.
The Feds narrative makes no sense. The economy is doing great, unemployment is very low and inflation is rising. This is the scenario to RAISE rates. |
Posts: 13,691
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#13977 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $609901
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Looking at FedWatch it appears they predict there will be no rate cut until September. And that probability is about 40%. To get to the "three rate cuts in 2024" it would take a huge change and then they'd have to cut rates three times in a row at the end of the year. Highly unlikely. The Fed talks all the time and miss so many metrics right in their faces.
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Posts: 13,691
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#13978 | |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
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Quote:
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[/SIGPIC] |
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Posts: 15,307
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#13979 |
Veteran
Join Date: Jan 2005
Location: SLC, UT
Casino cash: $8525460
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Didn’t the Fed already dismiss three and say two was a possibility?
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Posts: 1,782
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#13980 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1014734
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Quote:
There is a Schwab podcast I sometimes have on had some schlub on that said it was possible they could put 3 cuts in the last Quarter. ![]() I dunno what that fool was on but I need some. |
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Posts: 57,557
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