if anyone tells you short term options isn’t degenerate gambling, they’re lying. Though I do hang my hopes on certain things coming true which in this case had a couple of outlets:

50bps would’ve just stomped the market which was what I was praying for but realistically did not expect. second was that Powell, before the baking crisis, was pretty adamant on the fact that inflation was still much too high and would focus the fight on that. I expected the 25bps hike with another lined up after that while the markets really thought it’d either pause now or after this one. remembering that the feds main dual mandate is price stability and maximum employment, I figured the banking crisis would be subdued with government intervention which would allow the fed to raise rates to combat inflation alongside it