what to do?

Tuesday is CPI & Wednesday is the FOMC.

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 🫢😜

$SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $VIX Index Futures(AUG4)(VXmain.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $Upstart(UPST.US)$ $Amazon(AMZN.US)$ $Twilio(TWLO.US)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ $Lyft Inc(LYFT.US)$ $Coinbase(COIN.US)$

thanks

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The BIZ OP : for reference the PPI (producer Price Index) was Higher than Expected by .1 or .2% cant remember exactly

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intuitive Jackal_354 : I'm doing the same thing, straddling puts and calls in the money

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151668307 : What is the expected inflation?

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intuitive Jackal_354 : what time is cpi report

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The BIZ

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