9/17/25 Recap

The SPY is hovering over the 8 ema but we’re seeing some weakness today before Powell. As I said yesterday today’s focus is all on the dot plot, obviously should he somehow surprise and not cut the market would probably sell off, but if he cuts and the dot plot shows less cuts than the market is pricing we would still likely sell off so know that by being long into this event you’re at the mercy of whatever is on that chart. As I said yesterday I would remove anything with 60 days or less till expiry if you’re scared of gambling, longer term, it will be fine either way. If you’re using leverage I would lighten up alot into this event, it really isn’t that difficult to throw it back on tomorrow if the coast is clear.

My Open Book

Trades I Made Today

1. LYFT - I sold 18 puts in December for .91 average, obviously I wish I did this monday morning after the weekend best idea write up but it had gapped up and I passed. The news came out today about the partnership with Waymo which was why all those calls I highlighted were bought and it has been de-risked so to speak. 18 is where the 21 ema is now and I feel lucky to sell them there as this was up 25% pre market before opening up 10%.