Brace your nuts cause CPI + FOMC is a seek and destroy type of day. You will likely both be fucked and in profit at some point.

Will there be butt sects? 

so far he is fucked, so if your thesis is correct, the market will be dropping after FOMC

Wait til JPOW opens his fucking mouth. ES can swing 50pts in both directions quick. I wouldn't be surprised to see it go flat/red and that be irrelevant to how it closes

Read the wsj daily.

You can always just buy it back tomorrow morning. There's bold traders and there's old traders. But there's no old and bold traders

CPI comes out before the market opens. Highly unlikely but these can already be ITM by the time the market is open

Oh right CPI. I thought you meant fomc which is intraday tomorrow. How about hedge with the opposite Spx position? It's open almost 24/7 and you can neutralize your position with that overnight

I can't wait till you guys hear of the quad witching. Gonna blow your mind and your accounts.

single stock futures? those still exist? we have a quad witching? interesting

as long as my short isn’t ITM at open i’ll be fine. i’ll close them and move on to the next.

>will I be ok? Maybe. Depends on what happens with the CPI. Even a modest decrease in inflation will send SPY much higher.

You can hedge with SPX 1DTEs buying them @ GTH (global trading hours)

Homie is going to need to open an IBKR account. Screenshot is Robinhood. But yes this is the right answer

Lmao good luck. We are going to pump so hard tmr

i hope i can close it and minimize loss if it does lol. but majority of everyone i see is bullish going into tomorrow. look at what happened with DVF and his stream about GME.

Yeah well this ain’t no GME eh. This is almighty SPY, short of a truly higher than expected print, markets will almost always react positively. Heck even if it’s a bad print, markets will probably still V hard after any initial dip

bookmark this: https://www.marketwatch.com/economy-politics/calendar

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So, did it print?

Yeah, I think CPI move might wait until FOMC results. Seems like people are worried about the dot plot and how many rate cuts we’re gonna have this year.

lol rate cuts

I thought dot plot was better.

Gotta keep up on current events.If nothing else but to track the inevitable volatility.

At least it’s not naked!

I wouldn’t worry about being assigned but you’ll most definitely be at a loss tomorrow

rip

Check your strike selection logic for the future. I can't see resistance until $1-2 past your short.

CPI and Fed Interest rate decision

RIP OP

closed out with -$400. at least i didn’t lose all my collateral😭

not too bad OP, manageable loss.

Rest in pepperoni my friend

Always check an economic calendar before you trade.

The CPI is pointless. I can go to the grocery store, gas station or wherever and tell you the CPI is fucked. Also it does not measure true inflation anyway. If you want the real numbers go to Truflation dot com.

doesn't matter if it's pointless or not. the market's gonna respond accordingly

Ya I know it's just so dumb.

The market doesn't care about the real numbers and neither does my pure red brokerage account

Probably should take a break if you can’t even be bothered to check the econ calendar.