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A potential profitable strategy, just waiting for the non-farm payrolls!

Based on the data provided by the Moomoo, the consensus expectation for this non-farm payrolls report appears to be relatively low.
A potential profitable strategy, just waiting for the non-farm payrolls!
According to an article from Nasdaq, it seems that selling straddles on this options expiration day could be a safer bet. I’ve looked into some option contract prices and found that the breakeven points and potential premiums are quite appealing.
A potential profitable strategy, just waiting for the non-farm payrolls!
A potential profitable strategy, just waiting for the non-farm payrolls!
From analyzing the $Invesco QQQ Trust (QQQ.US)$ candlestick chart, it seems unlikely that QQQ will break above 490 today. However, if the non-farm payroll data comes in poorly, leading to a market downturn, we might see $Invesco QQQ Trust (QQQ.US)$ hold above 469 (a -3% drop), similar to its performance on August 2.
A potential profitable strategy, just waiting for the non-farm payrolls!
If you are a rich guy, maybe you could bet on this strategy.
I’d love to hear thoughts from fellow mooers! What do you think?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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