The Fed makes their final decision at 2pm.
We'll be doing our Live Trading Webinar at 1pm, EST so we'll be reacting to the FOMC announcement live but, other than yesterday's little dip, we've been chugging along so far this week and I think only bad trade news can derail us now.
With this President, we won't know for sure until midnight on Sunday whether or not there will be another round of tariffs placed on China. Yesterday morning there was a rumor the tariffs were delayed but now the signals are back to being mixed and the situation changes by the tweet. Trump is busy at the moment, lashing out at anyone not helping to get him out of his impeachment mess but it's too late now and this will drag on into next year – but traders don't seem to care.
As it's December 11th, we only have a month to go on our "5 Trade Ideas to Make $25,000 in 5 Months" so we'd better go over them and see if it's worth risking over the volatile holidays. We hedged our Member Portfolios last week but these were just 5 trade ideas to make money to spend for Christmas – so it really is time to take them off the table:
- Sell 5 VAC April $85 puts for $5.70 ($2,850)
- Buy 7 VAC Jan $80 calls for $20 ($14,000)
- Sell 7 VAC Jan $90 calls for $12.80 ($8,960)
The net cost of the spread is $2,190 and, if successful, it pays $7,000 at $90 or higher