I’m only toying with one bet going into tomorrow’s Fed meeting, which
is buying the 50 or the 51 June 19 Calls for Friday expiration.
I’d like to see one more flush in the TBT to near the 200 DMA @ 48 to buy the calls.
The closer to tomorrow’s release the more decay you’ll get in these calls.
Putting out the premium with a defined loss is about all I’m willing to do.
An early interest rate hike or a hawkish statement should put these into the bonus round.