Prognightmare said:

---

I bought the SPY 5/29 285 calls.

---

tramaro1 said:

---

Is everyone still avg down JD calls or just sitting tight to see how the markets play out?

---

oldarmy1 said:

---

Lot of volume on DE as it presses towards in the money $136

---

YNWA_AG said:

---

what DE share closing price are you looking for to hold the calls?

---

Prognightmare said:

---

If the Fed does that the markets will pop. It will also put considerable pressure on China to get a deal done instead of trying to wait Trump out. A rate cut and deal would destroy the shorts.

---

Aggiesincebirth said:

---

Prognightmare said:

---

If the Fed does that the markets will pop. It will also put considerable pressure on China to get a deal done instead of trying to wait Trump out. A rate cut and deal would destroy the shorts.

---

I am kind of scared that people are pricing this in and the Fed makes no move and the market tanks. Everyone I hear on CNBC is saying 50% even some saying 90% chance of a rate cut. Not just the commentators but guests that they have coming on. It is expected and if the Fed doesn't make a move, I think we dive.

---

Prognightmare said:

---

Aggiesincebirth said:

---

Prognightmare said:

---

If the Fed does that the markets will pop. It will also put considerable pressure on China to get a deal done instead of trying to wait Trump out. A rate cut and deal would destroy the shorts.

---

I am kind of scared that people are pricing this in and the Fed makes no move and the market tanks. Everyone I hear on CNBC is saying 50% even some saying 90% chance of a rate cut. Not just the commentators but guests that they have coming on. It is expected and if the Fed doesn't make a move, I think we dive.

---

https://www.cnbc.com/2019/05/20/atlanta-fed-president-bostic-does-not-see-a-rate-cut-this-year-like-the-market-is-telegraphing.html

Not everyone and the market hasn't priced in the rate cut yet.

---

oldarmy1 said:

---

That was a fairly good V on the markets a little while ago. As long as markets don't fail back down into close it could be significant for tomorrow directionally.

---

Prognightmare said:

---

I didn't save the article from last week but if we do a rate cut it will put tremendous pressure on the Chinese economy. That would force their hand to get a deal done. It also wouldn't allow them to "wait out Trump" and see if he loses next year. That will be a huge catalyst to the upside if we get the rate cut.

---

Prognightmare said:

---

I didn't save the article from last week but if we do a rate cut it will put tremendous pressure on the Chinese economy. That would force their hand to get a deal done. It also wouldn't allow them to "wait out Trump" and see if he loses next year. That will be a huge catalyst to the upside if we get the rate cut.

---

Quote:

---

Sale chatter propels QEP Resources - Bloomberg
May 20, 2019 3:49 PM ET|About: The Blackstone Group L.P. (BX)|By: Carl Surran, SA News Editor
QEP Resources (QEP +5.5%) shares pop more than 5% following a Bloomberg report speculating about a potential sale of the company.

The Colorado-based oil and gas producer has attracted takeover interest from P-E giant Blackstone (NYSE:BX) as well as drillers Whiting Petroleum (WLL -3.2%) and Callon Petroleum (CPE -6.8%), according to the report.

QEP jumped 40% on Jan. 7 when activist investor Elliott Management made an $8.75/share proposal to buy the company, representing a 44% premium at the time.

---