The
options trading is decidedly negative this morning prior to the Fed meeting this afternoon. Forex markets showing relatively strong dollar post US market open combined with weak Yen and Euro. Basically this is looking like a mixed bag vis a vis risk. Everyone trading in US markets is conservative but foreign markets are neutral to bullish. I would expect we’re going to stay pretty much where we are (down better than 100bp) more or less right up until the Fed meeting. I can’t imagine what on earth the Fed would be able to say that would lift markets. The wrong words out of Ben Bernanke’s mouth this afternoon could send US markets into a steep dive. This is a great day to spend somewhere other than in front of your trading screen.. because basically you have no control and nothing good can happen.
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Tags: ben bernanke, Fed, Options Trading
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