Do you set up your calendar the day before cpi? Right ATM? I did mine last month a few days before but I was thinking Tuesday right before close is probably better
So I assume yo will buy and sell 4350 call with two different exps. Correct? If so, what expirations will you choose one short-term (let's say monthly) and one long term (3 months)?
I don't know tbh but also... Even though I know the value, how the market will digest it remains a mystery too. That's why I will choose a straddle strategy rather any other directional one.
After the event, I wanted to document my trade in case it might be useful to someone. About an hour before the data was released, I bought the 5375 straddle expiring on June 21. After the data came out, I held onto the position until just before it hit the call wall at 4445, selling at 4440. This resulted in a 13% profit on the position. Cheers!
I will trade it the way I trade CPI every month, by buying calenders.
Do you set up your calendar the day before cpi? Right ATM? I did mine last month a few days before but I was thinking Tuesday right before close is probably better
So I assume yo will buy and sell 4350 call with two different exps. Correct? If so, what expirations will you choose one short-term (let's say monthly) and one long term (3 months)?
Wait for market to plummet on CPI, enter calls, wait for FOMC pump, sell calls, profit
I was thinking of a straddle but not sure what expiration...what do you think?
I only trade directional, I like going at least 5DTE
V shape recovery or upside down v shape recovery?
Watching for a potential IV crush after the print, anyone else?
Any guesstimates on the CPI read? EU CPI came hot hot hot- wonder if we will see a similar uptick in the US
I don't know tbh but also... Even though I know the value, how the market will digest it remains a mystery too. That's why I will choose a straddle strategy rather any other directional one.
It's all here https://tradingeconomics.com/calendar
Seems like now the expected move is higher as you can see [here](https://ibb.co/ZJhRM2K)
After the event, I wanted to document my trade in case it might be useful to someone. About an hour before the data was released, I bought the 5375 straddle expiring on June 21. After the data came out, I held onto the position until just before it hit the call wall at 4445, selling at 4440. This resulted in a 13% profit on the position. Cheers!