AI has triggered a wave of layoffs on Wall Street! The number of unemployed individuals in the next three years may exceed 200,000.
The report indicated that in the next 3 to 5 years, due to AI 'encroaching' on human jobs, Global Banks will lay off up to 200,000 people, with backend, mid-office, and Operation positions facing the highest risks. At the same time, 80% of respondents expect that generative AI will increase productivity and income by at least 5% during this period.
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Fredo in the cut OP : NFA of course but id play the 592 calls on friday if we look good
WarlockofWallstreet : Im with you on this call, my only concern is VIX being so volatile.I belive it still might move up another 13% ish . Now the one thing I am not sure of, is will it go up or down first. Given the Gravestone red Doji on the daily id assume down would preceed the upwards movement which coincides with what you say as well, but sucks for me as my puts expire before my calls
(I am only speculating here.)