What if…
What if today is a green day?
Some wild thesis:
Powell does not sound very hawkish during his speech on Wed. He basically repeated what he said in the past: data dependent, proceed carefully, 1 more rate hike, higher for longer etc.
Then, the market sold off, where it “should have” rallied, because there was no surprise from Powell per se.
On Thurs, some may think that the market should bounce (which happened previously during post FOMC). Yet the market sold off again.
Okay, that is when bears started to get excited and loaded up puts. Some may even buy put options with expiration date on 22 Sep (today).
So… what if market rally today? What if we get a green Friday?
How many retail investors will be trapped? How many times retail investors have been caught off guard?
PS: i sold a cash secured put on GOOGL yesterday (slight bullish move)
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$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Arm Holdings (ARM.US)$ $Advanced Micro Devices (AMD.US)$ $Taiwan Semiconductor (TSM.US)$ $Meta Platforms (META.US)$ $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$ $Intel (INTC.US)$ $Salesforce (CRM.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Goldman Sachs (GS.US)$ $Citigroup (C.US)$ $Wells Fargo & Co (WFC.US)$ $SPDR Gold ETF (GLD.US)$ $Coca-Cola (KO.US)$ $Nike (NKE.US)$ $Lululemon Athletica (LULU.US)$ $NIO Inc (NIO.US)$ $Rivian Automotive (RIVN.US)$ $Peloton Interactive (PTON.US)$ $Snowflake (SNOW.US)$ $BMO ARK INNOVATION FD ETF SER UNITS (ARKK.CA)$ $Tradr 2X Short Innovation Daily ETF (SARK.US)$ $GameStop (GME.US)$ $Adobe (ADBE.US)$ $Opendoor Technologies (OPEN.US)$ $UP Fintech (TIGR.US)$ $JD.com (JD.US)$ $Vanguard Growth ETF (VUG.US)$ $Block (SQ.US)$
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razo2 : today sure rebound wan. the RSI got raped so much already.
Soyamilkmilk razo2 : heh I also sold my puts yesterday, hang seng rallying all the way up with foreign inflows
☆ Farmer ☆ : bagged some yest ard IPO level. hope 20% today. haha![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cow Moo-ney OP razo2 : Possible. 1 day rebound is good enough to wipe out Put options
Nicholas Low razo2 : Are you sure ? Sell house . All in ?
OceansWave : It is possible.. the full effect of any news should have taken effect yesterday.. from a layman view.. even if there is gonna be a rise in interest rate.. it will be sometime in Nov or Dec and looking at the prices of the various stocks and options.. it a pretty good time to load up now.
金银镇財 : Open 1 block higher in early trading and drop the empty plate
razo2 Nicholas Low : wait for BOJ to sell US bonds and buy their own Yen bond then you all in.
dwarrior : Lol. Maybe another bull trap?
Cow Moo-ney OP dwarrior : Traps are everywhere haha![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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