Hello traders,
I traded very little today and after the carnage in late afternoon I’m extremely glad that I largely sat out of the mess.
This was due to a 11%+ drop in OZK 0.00%↑ which was a screaming short and the puts paid handsomely.
Remember folks, find your broken slot machine everyday in the market :)
Tomorrow we have NFP and that will largely decide the fate of the markets as Chair Powell and co. will be closely watching it for the next rate hike.
As usual, we go in with near-zero bias and trade the price.
These are the levels for the overnight session until NFP data drop.
ES:
NOTE: I will start trading the June contract from next week, but for tomorrow I will trade the March contract.