Bet on potential SPY put event
If: CPI comes in hot and Bank earnings season kicks off poor
Buckle up
PPI did come in soft, but CPI does not directly correlate. PPI is what producers pay. CPI is what consumer pays. I think greed is still thriving despite PPI coming in soft. Companies havent yet hit that event where they have to dial back pricing. I believe they’re not passing on the benefit to consumers yet and we may see it tomorrow in CPI report.
Couple that with anything soft from the major bank earnings calls tomorrow and it could be a harder red day than normal; around 2-3% spy drop.
This is a bet. I’m gonna take my shot and bet on that chance OTM. Scared money dont make money.
Position: 100 1/15 575P contacts
Good luck regards. See ya tomorrow
If: CPI comes in hot and Bank earnings season kicks off poor
Buckle up
PPI did come in soft, but CPI does not directly correlate. PPI is what producers pay. CPI is what consumer pays. I think greed is still thriving despite PPI coming in soft. Companies havent yet hit that event where they have to dial back pricing. I believe they’re not passing on the benefit to consumers yet and we may see it tomorrow in CPI report.
Couple that with anything soft from the major bank earnings calls tomorrow and it could be a harder red day than normal; around 2-3% spy drop.
This is a bet. I’m gonna take my shot and bet on that chance OTM. Scared money dont make money.
Position: 100 1/15 575P contacts
Good luck regards. See ya tomorrow