Tell me you use Robinhood without telling me you use Robinhood

It’s a Trojan horse. Don’t fall for it

Same, I don’t buy that inflation is done. Just like the market there are peaks and troughs for inflation. 2 barely good months doesn’t make a trend. I’m sticking with CPI strangles until I see a miss then I will go heavier puts.

I entered some AMD strangles for GDP data just before close. Hopefully the opening price is strong enough to book small profits then I will enter QQQ strangles about 15 minutes before JPow speaks.

For all interested, I was listening to Barrons podcast and they had Bullard on. He couldn’t give exact answers but when asked about rate hikes he said “the market is underpricing the aggressiveness that the fed needs to take to get inflation under control” when asked if that meant another 75bp hike he said “I’ve always been an advocate of policy that has an impact sooner rather than later”.

Take that for what you will just thought is put it out there.

We also have PCE the following day, then jobs report Friday so I’m probably gonna stick to strangles only for this week

Yea exactly, he speaks at 10:30 my time so I might get an hour or so of decay, maybe I’ll do 30 minutes before.

OP what are your thoughts on strangles for Wednesday? I’m thinking of buy around 9:30am (PST) and closing by end of day. Both about 3% OTM