Buying TQQQ Nov18 22 Puts

RipcordLoki
2022-10-07

Thur Oct 6

Picking up TQQQ puts on a spec. All this pivot fixation is pure and simple mental **. The Fed has clearly said they are focusing on inflation. The world banks have lit a worldwide inflation fire. This could take years to sort out. Our Fed hasn’t even done anything of consequence in unwinding their balance sheet.

They doubled it to 8+ Trillion after Covid. There is no real QT while that mountain is sitting out there. There is now an $80 oil floor in my opinion. I am picking up long energy exposure whenever I come across attractive setups. I am nibbling on metals miners but nothing significant. The dollar and real rates have to top out. Watch TIPS.

Kicked out the PSQ covered write for a small loss. Should make max profit on CVX covered write assuming it stays above 146 by EOD tomorrow. If you are looking for a strong long-term play, CVX should be on your shortlist.

Good trading!

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Comments

  • ElvisMarner
    2022-10-08
    ElvisMarner
    I think the bottom is much lower than $80.
  • 4ffb296f
    2022-10-08
    4ffb296f
    My question is how long woild the $80
    Floor for oil hold? Should the fed is seroius about qt, it will crush the world economy and oil should fall
  • EvanHolt
    2022-10-08
    EvanHolt
    You are right that the inflation problem will not be solved in the short term.
  • HilaryWilde
    2022-10-08
    HilaryWilde
    Looks like I should pay close attention to CVX.
  • DonnaMay
    2022-10-08
    DonnaMay
    The FOMC has no control over inflation.
  • jat
    2022-10-07
    jat
    woow so exact date... thank you
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