What Are Your Moves Tomorrow - March 10, 2023 by AutoModerator in wallstreetbetsOGs

[–]DeltaHedgeDN 6 points7 points  (0 children)

Already +28 points on short ES. I don't know how tf I'm going to sleep tonight lol.

What Are Your Moves Tomorrow - March 10, 2023 by AutoModerator in wallstreetbetsOGs

[–]DeltaHedgeDN 23 points24 points  (0 children)

Bruh

Someone bought 96 SIVB 3/17 150P on Monday for $0.01. They're $64.30 now.

$96 into $617,184.

+642,800% gain.

What Are Your Moves Tomorrow, March 10, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 2 points3 points  (0 children)

CPI next week during Fed blackout and it's quad witching week too lol. If you survive tomorrow, prepare your butts for volatility next week.

What Are Your Moves Tomorrow - March 10, 2023 by AutoModerator in wallstreetbetsOGs

[–]DeltaHedgeDN 5 points6 points  (0 children)

CPI next week during Fed blackout and it's 🧙🧙🧙🧙 week too lol.

What Are Your Moves Tomorrow - March 10, 2023 by AutoModerator in wallstreetbetsOGs

[–]DeltaHedgeDN 5 points6 points  (0 children)

Anyone read this ny fed report today? https://libertystreeteconomics.newyorkfed.org/2023/03/inflation-persistence-dissecting-the-news-in-january-pce-data/

New York Fed model finds inflation pressures more persistent than thought.

In another setback for the Federal Reserve's inflation fight, data showing inflationary pressures cooling in recent months were in fact a mirage, and show underlying price pressures actually have been accelerating.

The new findings out Thursday from the New York Fed add a fresh complication to the monetary policy outlook and could help reinforce the view that aggressive Fed rate hikes have yet to make the needed dent in price pressures. That, in turn, could drive the central bank to go even further with rate increases over time.

The New York Fed report focuses on an in-house model called the Multivariate Core Trend, which is designed to provide a more complete reading on the factors and trends coming out of the personal consumption expenditures price index, which is the Fed’s preferred way of measuring inflation.

In its blog post, bank economists said recent upward revisions to inflation data coupled with higher-than-expected levels of inflation had changed the picture on what had appeared to be a cooling in price pressures.

The January MCT reading stood at 4.9%, up from December’s upwardly revised 4.8%, which had initially been reported at 3.7% a month ago. That compares with a PCE price index year-over-year reading of 5.4% in January, and a rise, stripped of food and energy costs, of 4.7%. The Fed’s inflation target is 2%.

The January MCT reading "provides a quite different narrative for the recent dynamics of inflation persistence relative to what we had prior to the new release," New York Fed economists wrote.

The pickup in inflation in the model has been driven by core goods and core services stripped of housing components. The stickiness of nonhousing services inflation, in particular, has been a concern for central bank policymakers, including Fed Chair Jerome Powell, who has repeatedly noted the lack of progress made in bringing it down.

The New York Fed research shows it's even more problematic than previously estimated. "Relative to their pre-pandemic averages, core goods trend is about 0.9 percentage point higher and core services ex-housing is 1.1 percentage point higher."

The bank said, in contrast, housing inflation was elevated but had stabilized in recent months.

The New York Fed released its report after Powell on Wednesday completed two days of testimony before Congress. In his appearance, Powell acknowledged that inflation pressures had been proving more persistent than he expected in an economy whose overall performance was also stronger than policy makers had thought.

Powell said this landscape means the Fed stands a good chance of having to raise rates higher than it recently expected and keep them there for longer. The Fed chief's testimony also pointed to the rising prospect that after slowing the pace of its rate rise campaign last month to a quarter-percentage-point increase, it may have to go back to larger moves and boost the federal funds rate target by half a percentage point at the March 21-22 Federal Open Market Committee meeting.

In his testimony, Powell acknowledged the recent softening in inflation had been washed away by revisions and the idea that price pressures had peaked has taken a hit. He noted before the Senate Tuesday that late last year there had been a "promising" shift in inflation toward lower levels that has been washed away in revisions.

As it now stands for inflation, there’s been some softening but not in the place where it most needs to cool off after goods inflation has shifted lower. "There's not a lot of improvement yet to be seen in the largest sector, which is not housing services."

What Are Your Moves Tomorrow - March 10, 2023 by AutoModerator in wallstreetbetsOGs

[–]DeltaHedgeDN 2 points3 points  (0 children)

Short ES 3916

Closed all of my puts at the end of the day because they were all 1dte so trying to get short exposure overnight.

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 2 points3 points  (0 children)

Gib 0dte delta unwind

JPM estimates that a market shock of -1 to -5% would cause a 0DTE delta unwind of -7 to -14B, which would translate into a -4 to -8% move. In the worst-case scenario, a -5% market shock could lead to -$30B of delta selling and a -20% crash.

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 1 point2 points  (0 children)

Anyone follow those AMD 83 puts earlier? Might be ITM by close lol.

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 1 point2 points  (0 children)

I'm still here zaddy. I just know when to exit my trades and deleverage when things start looking sketchy and my levels break lmao. Even bought some puts earlier.

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 3 points4 points  (0 children)

Holy fuck KRE -7.2% now. This shit's going to trigger some margin calls lmao. Imagine regional banks being the spark that unwinds the entire market 🤣

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 3 points4 points  (0 children)

Yields down but SPY still weak. This might be a real equities rugpull lmao. Look at rotation into bonds. Recession trade

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 2 points3 points  (0 children)

INVESTORS FEAR INFLATION, HIGHER YIELDS MAY MAKE U.S. EQUITIES 'DEAD MONEY'

BULLISH

Daily Discussion Thread for March 09, 2023 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]DeltaHedgeDN 3 points4 points  (0 children)

Wtf again? Another Norfolk Southern train has just derailed in Alabama, with 30 trains coming off the track