Lol imagine the market pricing a 100% chance of a cut and a 5% chance of a 50 bp cut at that and you’re just burning money betting on a hike. If you hate money that much I’ll take it. Also be a big boy and just go use the incredibly liquid futures markets that directly price this stuff.
All the big banks are saying a rate cut is happening. for a few days they were saying jobs were so bad 50 bp was definitely possible. Jobs last 3 quarters were as bad as they were during covid. Fed needs to satisfy the dual mandate and action needs to be taken.
As someone who made a 30% gain on ORCL puts today, I agree. Timing the market is tricky, but profitable. My guess is that after rate cuts next week, market plummets if it's not a 50 bp. If it is a 50bp, market plummets anyway within a month or two if unemployment gets worse.