SPY LAST FOMC RATE HIKE?

Well today a half hour after the open the JOLTs report came out and set the tone for a good part of the day. Also the regional banks and credit crunch worries for the rest of the day. But finally the big FOMC day is here with our favorite J Powell what he says will lead us for awhile. Looks like big money is betting on this being the last rate hike for the year. So how to play it. First off the IV will be high for options so be ready for that second have your personal profit margin in mind be real with yourself. Set the buy order as price will be moving fast I recommend using money you are willing to lose 100% if you put in a stop loss it will trigger quickly, so buy order and sell orders fast you can make 100% in seconds or minutes. Fade the first candle on the 3 minute chart if it’s red buy calls green buy puts. Right at 11 Pacific time the whipsawing starts for about 5 to 10 minutes but the real action starts at 11:30 when Powell talks and robots are picking up key words this is when the money is made. I normally buy @ 10:50 if I have an idea which way to go then again at 11:20. During the day I’m expecting chop all day until 11 so don’t buy early theta will crush your premiums. If this is your first FOMC day just watch the action and learn. If we rally up or down Thursday is normally the opposite so there’s action on that to at the end of the day for cheap premiums. Please have a plan and stick to it this is not for rookies Let me know if you have any questions below
As always trade what’s in front of you good luck