i'm thinking this is a good place to straddle the market with options from, a little heavier on the long side. I'll admit I bought some zn calls before the report - so this is definitely a surprise.
This is interesting, especially considering the impact on equities. Puts the fed in a tighter place.
and I should say thanks JP.
Because it was very boring before the data I thought I will <i>test</i> your "spike" method with a tiny fish. One more reason was that it possibly made my short taking a bit of profits into the flattener which was something I was happy about.
As you can see I only slightly adjusted entry point to make it work. Thanks again.
I want to confirm that I'm looking at the correct bar. You mean the 0729 CST 3 min bar, correct? The bar just prior to the 3 min bar that hit the low of the day?
I want to confirm that I'm looking at the correct bar. You mean the 0729 CST 3 min bar, correct? The bar just prior to the 3 min bar that hit the low of the day?