Today was an extremely choppy day as investors are awaiting the inflation data. Two alerts triggered today in the Discord, and we totally had five positions open at one point. And the ABNB puts that we had got past 100% profit and were closed out. I also saw a few people in the Discord VIP section with such gains as well and had a few new Wall of Fame Trades.
On Tuesday, traders are set to receive the Labor Department's August consumer price index (CPI), which is likely to show a still-elevated level of inflation across consumer goods and services. Consensus economists expect the broadest measure of CPI will grow 0.4% in August compared to July, and by 5.3% compared to August 2020, according to Bloomberg data. In July, the headline CPI grew 0.5% month-on-month and by 5.4% year-on-year, with the latter representing the fastest annual growth rate since 2008.
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$EBON +7.75% (puts)
$TGT -20% (calls)
$SQ +2% (calls)
$AI +45% (puts- Closed)
$ABNB +100% (puts- closed)
AI and ABNB killed it while TGT struggled again. I believe it will have its time to shine eventually, especially going into the holiday season. However, the timing is always key in the options game.
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I am trying to find a TGT bounce now that the stock has fled from the 50MA on the day chart and has seemingly found support. Tomorrow still could be a decent day to get in.
My SQ alert looks amazing and did exactly what I thought it would do. Even though I don't really think that SQ is developed enough yet, I think the future development and improvement is getting priced in and more than likely has upside.
NVAX is consolidating and looks as if its moving back to the 50MA. Timing is again key and we need to see if there is a confirmation or not on the 50, which will tell us to wait or not for the 180MA.
Still trying to catch T on a bounce off of the 50MA for a greater move towards the downside.
Looks as if F is about to trigger from a bounce on the 180MA.
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