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To: RummyChick

Automatic triggers will be in effect tonight if the major indices drop more than 5%. Also, the Fed will likely intervene and slash rates again at the next FOMC meeting. Too early to tell if the market S#** will HTF.


345 posted on 03/08/2020 9:28:42 PM PDT by rfp1234
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To: rfp1234

Will Meade thinks we get a bottom this week and the fed will drop rates

We will see.

I suspect there will be an intervention

Btw, Oil futures trade on MARGIN...and you bet there are margin calls on this:

https://www.cnbc.com/2020/03/08/oil-plummets-30percent-as-opec-deal-failure-sparks-price-war-fears.html

btw, I Have had some really really interesting trades on Friday expiration for oil options. They are not liquid and have wide spreads. Been awhile since I did it...but you can watch for calls or puts going for pennies that turn around and zoom your way. It is called a lotto. Not all turn out .


348 posted on 03/08/2020 9:34:02 PM PDT by RummyChick
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