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My option trades
- Thread starter ryanpatrick
- Start date
Quote from traderlux:
agree, and my first thought is if there is an am up move ahead of the meeting release, take it and close the deal.
Yeah, don't want to be around for a quick reversal. My initial thought was that the market would come in a little today, like to 1370 on the ES. So far I've been wrong (still short a few lots though).
Quote from traderlux:
tomorrow, wed, aug 1, is the first day of the month and also day of fed statement release, both "should" be short term positive drivers for the market.
i will look at a quick spec deal, in today, out tomorrow.
i am thinking a call on either TNA or IWM.
i bto 5c of wk IWM 79 call, $.67
went with the weekly
Quote from cdcaveman:
is that some kind of Fed anouncement play.. that looks like its gonna be worthless at the end of the week
its based on tomorrow being the first trading day of the month, which is usually up, and also that anticipation of the fed release usually sends the market up, so we have 2 short term drivers which could send the market up tomorrow.
i am just looking for a quick pop, could be out tomorrow in the am.