LogFAQs > #965866354

Forward prediction is the market is going to moon on a random day based on a mostly irrelevant catalyst. I don't expect it to happen on a bullish fed meeting, but a bit before or after one so the news can pretend that was the reason for the move. Too many people are gambling on fed meetings right now so it won't actually happen for one of those. They want to pump when people aren't gambling with options.

T+35 delivery date on FTDs is the key I think, barring a way to flush out naked shorting on the spot (which is why Im on BBIG). So basically market makers can obscure price movement by failing to deliver, but after 35 days they need to either deliver or naked short it to kick the can down the road. It ends up being roughly 3 months to shake out the tricks (two T+35 cycles). June 2020 is a good example, 3 months after the covid dump a bunch of stuff ran for no reason. If you look at GME's run it started getting out of hand about 3 months after a dump from $15 to $10.

So personally I would aim for September-October calls, slightly out of the money, on whatever your favorite beaten down stock is, on the first somewhat stable day we have. (Or SPY/QQQ/VTI/whatever) I will definitely be doing some if BBIG plays out by then. I like BRK.B and BBBY personally as targets as they both have dumped hard and have share buyback programs in place to help fuel (and BBBY has a lot of short interest). IWM is also tempting because it is absurdly shorted for an index.