A Trade The Fed Meeting May Create

Posted by Joe Duffy | Oct 30, 2023 | Joe Duffy's Trading Advantage | 0 |

The FOMC meeting is Wednesday. If the market happens to dip on Tuesday or Wednesday pre meeting I would look to buy the dip. Currently we are in a buy the dip and exit on a subsequent rally, and hopefully rinse and repeat.

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In keeping with that I exited my DIA call December 330 call options purchased on Friday into the Monday rally. In at 5.80 and out at $7.05. Be happy to buy these back at 5.80 on Tuesday if that opportunity were to present. Not looking for major wins in this market.

Thanks,

Joe

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Joe Duffy

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