Trades

Trade Findings and Adjustments 12-01-22

Trade Findings and Adjustments 12-01-22

Keve Bybee – keve@hurleyinvestments.com

 

What have we done this week?

  • Took SPY puts off as Fed Powell came out and said he can see slowing rate hikes as soon as December
  • So instead of 75 BPS they may do 50 bps
  • Took protection off of AAPL, BA, BIDU, META
  • Kept on protection for BAC, JPM, DIS, F, V
  • Last week Fed Bullard came out and said that recent inflation numbers weren’t enough to slow down rate hikes.
  • Market is worried the economy is going into recession
  • Big companies are laying off employees. (DIS, META, GOOGL, etc.)

 

Christmas rally?

  • Depending on unemployment numbers on Dec 2nd (tomorrow), we could see the market continue up for a couple weeks before the FED rate meeting
  • We’ll have a Christmas rally depending on how the Rate meeting goes in 2 weeks

 

What are we looking to do?

  • Possibly adding SPY calls if our economic numbers help us tomorrow

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