It is shaping up to be a slow(er) week the first half, with not much on the econ calendar until Thursday and #CPI with #PPI on Friday.
CPI has been a big market mover the last year plus and we are expecting this version to be no different.
We had some exposure on in Hedge Fusion on an IWM in the form of a strangle for today’s expiration with the calls kissing 400% near the open and we cost averaged out of them for a nice profit on a net basis for the trade.
We also have some exposure on in Pure Alpha, but modest for now with some AMZN calls and MU puts for this Friday expiration.
I expect we will get into more positions this week and have decent exposure for CPI and be positioned to profit regardless of outcome, but gun to my head now data is leaning to be somewhat bullish into the event.
Trade well…..
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