The Federal Reserve did its best to spook the stock market Wednesday… And the bulls weren’t having it!
The committee stayed the course with its expected 25-basis-point interest rate hike, but raised its inflation forecasts for 2022 higher than Wall Street anticipated.
The Fed also hinted it would be more hawkish with the rate increases than what most had projected.
Within the first 15 minutes of the announcement, the S&P 500 dropped more than 1% while the Nasdaq fell around 1.5%… only for the two to rally 1.8% and 2.6% off the intraday lows, respectively!
Wednesday’s rally just adds some extra buzz to the promising options order flow we’ve seen this week.
I have to say it’s putting some pep back in my step!
The markets saw loads of action on Wednesday before the session started…
Including some big options moves on names the New Money Crew strategies have been watching closely.
Familiar Names Making Big Moves on Promising Options Order Flow
Just before Tuesday’s close, the Blitz Tracker spotted some March $81 calls on Alibaba Group Holding Ltd. (Nasdaq: BABA), and I wish I didn’t talk myself out of them.
Shares of the Asian Amazon rival shot up more than 20% in the premarket and kept running after the open. Those options closed at $2.08 on Tuesday and hit as high as $17.14 — a 724% move overnight!
The tracker spotted another big buy on our good friend Microsoft Corp. (Nasdaq: MSFT) and the promising options order flow made the cut for Tuesday’s Blitz Daily.
The software sultan’s shares gained 2% after hours and helped those March 25 $295 calls pop for a nice 50% max gain on the New Money Crew Weekend Watchlist name!
We’re starting to see some nice trading w indows open here — at least for the short term — that have resulted in some spectacular moves.
I’ll be honest, there have been some hard holds… and I know because I didn’t hold them.
I’m not normally skittish when the conditions are right, but this is one of the toughest markets I’ve ever traded.
So if you think I’m holding much of anything longer than a week, you’re kidding yourself.
Check out the short video below and let’s talk more about Wednesday’s promising options order flow!
P.S. Do hedge funds place risky bets and cross their fingers?
Of course not…
They want consistent profits.
That’s why they take advantage of a little-known market “error,” that flips the odds in their favor…
After learning this trick on Wall Street, I perfected a formula anyone can use to do this exact same trick…
From their cell phone brokerage account!