Fast Money Blog- 9/16/22

On Tuesday, September 13th, the U.S. Bureau Of Labor Statistics released the latest Consumer Price Index (CPI) which was positive for the U.S economy.  However it did show that inflation is growing aggressively in spite of the Fed’s efforts to tame it.

Wall Street’s negative reaction to this report is what caused this week’s wild drop in price action, though experienced traders and investors have seen this type of reaction before.

I expect stocks like AAPL (Apple), AMZN (Amazon), HD (Home Depot) and AMD (Advanced Micro Devices) to remain range-bound for the next two and a half weeks.

Because of this, the most profitable trades over the next few weeks will be three week out-of-the-money covered calls combined with Bear Call Spreads.

Stay positive.  Stay patient.

Tyrone Jackson, The Wealthy Investor