Bootrade
2023-03-07

This week Federal Reserve testimony and NFP report will bring volatility in the market. Risk reward for upside is low with VIX relativity low. S&P resistant at 4770, we will see some pull back until Federal Reserve testimony. Chances of rate hike to 50bps is higher as labor market shows great strength with inflation persist. Sold calls and bought puts.


$Cboe Volatility Index(VIX)$ $SPDR S&P 500 ETF Trust(SPY)$ 

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