Tuesday Night Trade Ideas (4/2/23)
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First thing’s first - my BAOS 0.00%↑ bottom tick call at $3.20 the other night ran to $43 or over 1200% in just two days.
If you can find another Substack that did the same and send it to me I will give you a free subscription (my email is adit@whitepagefund.com)
Tomorrow is FOMC and traders are pricing in a 25bps hike although after that we could be seeking pauses, especially with so many problems in the banking system.
A bet on a 25bps hike contract on Kalshi currently returns a 7.5% gain if traded.
This could be a repeat of the 2004-2006 cycle where this was the peak in hikes:
There is so much continuation and momentum in small cap world it’s amazing. I have so many setups to share tonight, so let’s get into it.
First, the S&P 500: