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Unique_Mastodon5855 t1_iyaqwg6 wrote

I entered some AMD strangles for GDP data just before close. Hopefully the opening price is strong enough to book small profits then I will enter QQQ strangles about 15 minutes before JPow speaks.

For all interested, I was listening to Barrons podcast and they had Bullard on. He couldn’t give exact answers but when asked about rate hikes he said “the market is underpricing the aggressiveness that the fed needs to take to get inflation under control” when asked if that meant another 75bp hike he said “I’ve always been an advocate of policy that has an impact sooner rather than later”.

Take that for what you will just thought is put it out there.

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DaddyDersch OP t1_iyazvig wrote

i believe that speech is exactly what caused the last two days of red and has bumped the likelihood of a 75bps from 20% to about 34% as of close...

i agree that the markets are way too dovish... i am just waiting for the CPI that misses that sends us truly spiraling.

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Unique_Mastodon5855 t1_iyb059m wrote

Same, I don’t buy that inflation is done. Just like the market there are peaks and troughs for inflation. 2 barely good months doesn’t make a trend. I’m sticking with CPI strangles until I see a miss then I will go heavier puts.

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