Trading strategies for Jobs report Thursday

Overnight said:
It is not a "jobs report" That comes out next Friday. (The NFP number).

This is the initial unemployment claim number. And I do not think algos have it priced in...Not really, because we are still awaiting the senate bill to be voted on and signed by Trump. A whirlwind of chaos will ensue! Maybe go long the VIX?
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Somebody already beat you to VIX...and it's not me. They got in at 40. It's at around 51 now.
 
Noone123 said:
Yeah, don't chase it. It will come to you.
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I'm not liking this...

I have the -3x S&P (SPXS) and since I didn't close it out, I believe S&P will go up until midnight when the Senate votes and then probably up more once vote passes!

All I can hope for is the jobless claims report to help me. Otherwise I'm in this trade longer than I wanted to be.
 
farmerjohn1324 said:
I'm not liking this...

I have the -3x S&P (SPXS) and since I didn't close it out, I believe S&P will go up until midnight when the Senate votes and then probably up more once vote passes!

All I can hope for is the jobless claims report to help me. Otherwise I'm in this trade longer than I wanted to be.
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I am expecting this to drop hard, regardless of the stimulus vote.
 
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