Indicators look bearish now, but you're betting on geopolitics at this point. Might as well bet on sports, lol.
The sooner Trump bombs out Iran, the sooner this whole thing will end but at the same time the market hates war and uncertainty.
Best thing to do is wait it out. Market will rally when it's all over, but it's gonna take some time. Iran isn't going to surrender. It means Trump is probably gonna have to kill ALL of the mullahs.
WHen it ends, the market will pop, and that's why people are buying, but you can't time that with options at all, the premium burn will kill your position.
The sooner Trump bombs out Iran, the sooner this whole thing will end but at the same time the market hates war and uncertainty.
Best thing to do is wait it out. Market will rally when it's all over, but it's gonna take some time. Iran isn't going to surrender. It means Trump is probably gonna have to kill ALL of the mullahs.
WHen it ends, the market will pop, and that's why people are buying, but you can't time that with options at all, the premium burn will kill your position.
Note
The market appears to be predicting that Trump will chicken out, more TACO, lol.Staying out. They'll find a reason to do a pump and dump sooner or later though.
Note
The TACO trade is strong, lol.I don't see any reason why oil should go down if Trump TACO on his threat, Iran isn't going to open up Hormuz if Trump decides not to bomb tonight. Oil should go down when Iran chickens out, which won't happen for a while.
Best to sit out the crazy whipsaw.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.