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    Biden pulling out from presidential race.

    I believe the market will be bullish due to potential stability and regrouping of the democratic party. But I do see the bear case due to whatever new candidate they put through not being strong against Trump and further instability. Monday is going to be fun!

    I believe a regrouping of the Democratic party to be bullish. Had a bunch of puts on Spy late last week, closed them all in the final minutes of the market for the weekend. So I might open a bunch of SPY calls Monday morning after the initial 30m to hour of the market opening.

    Edit: Adding commentary, Democrats may not necessarily regroup under the Kamala endoresment by Biden in a recent Tweet. So maybe puts due to more market instability. I.e. market can go down or up.

    Biden pulling out from presidential race.
    byu/thegx7 inwallstreetbets



    Posted by thegx7

    View 40 Comments

    40 Comments

    10. Burntheta on

      Perfect timing.

      Near market top in the middle of the summer right after a pullback has started due to confidence being crushed by an assassination attempt on his opponent.

      End of year all should be fine again.

      Now til then might be kinda fucked.

    11. OB1KENOB on

      To be fair… it’s not THAT surprising that he dropped out. I feel like it may be somewhat priced in.

    13. Fit-Boomer on

      The crowd strike CEO is happy about this I bet!! He won’t be the talking point now.

    14. Public-Trifle-1086 on

      I just posted what are the Oil and Energy stock plays and mine gotten taken down lolz….. So feel free to reply with your opinions! 😂

    19. accruedainterest on

      There’s even calls for Biden to step down from presidency. Don’t expect “stability” just yet

    25. houcok on

      The days leading up to this decision, it was a general consensus that Biden staying on is the worst possible scenario for the democrats. Now, it looks like the worst-case scenario is removed.

    30. marsbup2 on

      Wtf man. The comment section has no general concensus. Just tell me what to do. Bullish or bearish?

    33. MashTheGash2018 on

      The important people in this country knew he was dropping out since the debate. Priced in, market goes up, fuck your puts

    34. newtownkid on

      Shitt bought spy calls EOD Friday. I guess there’s a chance we pump, but ide much rather be holding puts right now.

    37. Ornery_Gene7682 on

      The DNC needs to let its voters decide who is the next candidate for them instead of automatically selecting someone they want 

    38. IceCoffeeCoollatta on

      I believe it will cause market to go up as the majority of billionaires did not want a Biden re-election; from student debt cancelation to more scrutiny on elite taxes, they know a Kamala Harris is more vulnerable.

      Instead of bidens age get ready to hear about her being a woman and person of color…for weeks….

    39. RealAdmiralMajorButt on

      +10% tomorrow across all indices to celebrate the first female president. Go USA!

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