Seems less likely. The US Jobs report came in at +372,000 vs the +268,000 expected. Futures reacted by dropping sharply just after this came out at 8.30am. I'm assuming this will fuel the hawkishness of the Fed as the jobs market is still healthy and not as close to recession as some thought.
When I saw that, I felt better about the prospects of 7/8 $730 CCs expiring OTM, and put in market orders at open for 7/15 $700 and $740 to try to catch approx. yesterday’s closing prices before they drop. Good luck with that!
- got $42.20 for $700, and $19.40 for $740 = 10% and 15% below yesterday’s close
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