In this week's episode, sprocket888 and viperxl007 look at a VERY busy news week, packed with earnings, an FOMC meeting, and the first read of Q2 GDP. All this news has filled the market with volatility and is a perfect time to look at how these binary events interact with price action. The theory that sprocket and viper explore in this episode is that binary events don't alone change the direction of the stock. Instead, they are a pure accelerant to the underlying price action. To explore this, viper takes a look at several charts to show how, during the binary event, the expected price action is executed…..just really fast. Knowing this can allow you to create opportunities that can be tilted more in your favor.

• 00:00 Disclaimer
• 00:20 Intro
• 01:21 A look at the monster week of news
• 07:39 sprockets take on the big week of news
• 09:08 vipers take on the big news
• 10:50 A look at price action on binary events
• 12:29 Binary events ONLY accelerate the already existing price action
• 15:45 Event timing and reaction on ETH price action
• 17:55 FMOC June Meeting and Bitcoin
• 22:11 FMOC July announcement and Bitcoin price action
• 26:10 Bitcoin was in the middle of the up trend when the catalyst hit
• 27:07 Let's take a look at the same catalyst and the S&P
• 28:58 Trends are trends and catalysts are there to accelerate them
• 30:41 sprocket is a believer of this as well, binary events are just accelerants
• 31:14 sprocket sells premium into earnings when the PA is looking for a new higher level
• 33:09 This is not absolute, but it IS probabilistic
• 34:14 Tip as MUCH as you can in your favor and NEVER let your losses get out of control
• 35:34 Closing: Spend time observing price action during binary events and from your own thesis
• 36:40 Outro

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