How I traded the Fed day today

How I am looking to trade AAPL earnings Thursday

Author

Jeff Williams
July 31, 2024

Good day all,

As you know, today was the day many of us have been waiting for. Not only was it a day where we got to see how markets reacted to MSFT and AMD earnings but it’s a day to watch the Fed share details on our continued rate pause and potential upcoming rate cuts. 

It’s looking good!!!

Anyway, the day started off blistering hot but I’ve seen this song and dance before so I didn’t immediately bite at the bait. 

Matter of fact, this morning for my 8:45am “Trade of the day” email, I told Market Navigator members I was looking at SPY PUTS for my morning trade.

I was worried about the good ol fashion rug pull but you know what, we held up really well!

So, how did that idea work out? 

I was able to capture a win on ½ of my morning PUT trade idea which I felt would be solid since we gapped up so much but then I ended up taking a loss on the second half because SPY just didn’t fall at all after the Fed meeting.

Listen, I’ve been trading a mix of stocks and options now for over 20 years and there are little things you pick up along the way that help on days like today.

Best part about it is I just LOVE teaching you all the tips and tricks I’ve learned over the years.

Hey, did you happen to notice I am now doing a Market Navigator QUARTERLY option? 

Yeah, people were asking for a shorter commitment to check things out so that’s exactly what I did right here.

Just scroll down a bit to see the two options, quarterly and yearly, of course you pick what’s best for you. 

So, now the next big question is what do I see with AAPL, INTC and AMZN earnings coming Thursday after the close.

Well, honestly I am pretty bullish into these stock earnings and I will be looking for a move higher on markets. 

That being said, I’ll more than likely be looking to play August 8th SPY calls tomorrow morning looking for a run up into the end of day and hopeful pop after the market close.

What are you watching?

Let me know in the Market Masters chat room after you pick up a quarterly membership to my SPY options trading service right here.

SPY options, each and every day, nothing else. Simple options trading strategy with a boat load of education every morning.

Sound good? 

I think so too.

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