I plan to open a straddle (buy one call for every 1 put option) expiring on Wednesday (ATM Options)
as long as the market does not stay flat (highly highly doubtful it will) one goes to zero the other above 100% gain that way I can play the economic data without betting on one side of it.
just make sure whatever stock/etf you choose has a very high trading volume Average so you can liquidate when you want/need to. that's VERY IMPORTANT.
Also I'm currently learning on how to utilize spikes or drops in Implied Volatility (IV) for profits. I haven't paid much attention to it and wondered how my option could be down when the underlying equity was going the right way! surprise surprise 🫢😜
The BIZ OP : for reference the PPI (producer Price Index) was Higher than Expected by .1 or .2% cant remember exactly
intuitive Jackal_354 : I'm doing the same thing, straddling puts and calls in the money
151668307 : What is the expected inflation?
intuitive Jackal_354 : what time is cpi report