The Week Ahead
Volume 30 - The Next Tesla?
Hello from rainy England!
An interesting week. Yet again the pivoteers were quickly shut down. The only pivot that was seen was from the dovish tone FOMC statement to the very hawkish presser. I think Jay made it VERY clear as to what the Fed’s plan is. Over-tighten. I think Jay was very hawkish and was as transparent as he could be as to where the Fed will head. 6%.
In last weeks edition, I was very clear where I thought markets would head:
“ES this week - I personally think 3737.”
“If Jay does his job we could see DXY back above 112.”
“EURUSD 0.9775”
“See the 10yr @ 4.2% again”
On the private Twitter, we had an awesome week.
Some SPX puts on FOMC day which we bought for 4 and they went to 40. As well as a call option on Friday which went five-fold. Also some ABNB 0.00%↑ puts for the earnings report - naked 100p for Friday @ 2.30, 105/100 bear put @ 1.5 for Friday which settled for 5 or also a 100/90 bear put @ 2.08 for 11/18.
We began to buy two-year on Friday.
On top of those we also held,
11/18 CDNS 0.00%↑ 155/145 put spread @ 3.10 which is currently @ 7.6 (mid-price)
12/16 TWLO 0.00%↑ 70/60 put spread @ 3.20 (was also given on my main twitter account) which is currently at 10. After a stinker of an earnings report seeing the underyling nosedive -34.61% on Friday.
And… another high conviction trade which I shan’t share for all!
Anyway… Moving on to the week ahead and also a stock I love for the long term.