{"id":229321,"date":"2025-08-20T12:34:57","date_gmt":"2025-08-20T16:34:57","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=229321"},"modified":"2025-08-20T13:00:19","modified_gmt":"2025-08-20T17:00:19","slug":"range-bound-forecast-trades-that-expire-tomorrow","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/range-bound-forecast-trades-that-expire-tomorrow\/","title":{"rendered":"Range Bound Forecast Trades That Expire Tomorrow: Aug. 20, 2025"},"content":{"rendered":"\n<p>Initial unemployment claims have been stabilizing between 216k and 229k in the past six weeks and my forecast calls for filings to remain range bound. Real-time indicators of labor market activity don\u2019t point to excessive layoffs or a significant acceleration in hiring, which portends sideways action in the present. That\u2019s exactly what Wall Street is expecting too, with a median projection of 225k and out of the 31 forecasters in the weekly Reuters poll. The minimum is 220k while the maximum is 235k. Employment stability overall and my personal estimate of 221k leads me to favor the 210k-240k combination trade for tomorrow\u2019s release. The \u201cYes\u201d answer at 210k and the \u201cNo\u201d at 240k cost $0.91 and $0.90 and I find the risk-reward profile of the mix attractive.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture7.png\" alt=\"Unemployment claims are likely to continue being range bound tomorrow\" class=\"wp-image-229334 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture7.png 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture7-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture7-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture7-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1326\" height=\"110\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture-2.png\" alt=\"IBKR ForecastTrader Contract with unemployment claim threshold of 210,000\" class=\"wp-image-229336 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture-2.png 1326w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture-2-700x58.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture-2-1100x91.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture-2-300x25.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture-2-768x64.png 768w\" data-sizes=\"(max-width: 1326px) 100vw, 1326px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1326px; aspect-ratio: 1326\/110;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"92\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-FT-8-20-1100x92.png\" alt=\"IBKR ForecastTrader Contract with unemployment claim threshold of 240,000\" class=\"wp-image-229325 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-FT-8-20-1100x92.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-FT-8-20-700x58.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-FT-8-20-300x25.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-FT-8-20-768x64.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-FT-8-20.png 1330w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/92;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-another-combo-but-for-hong-kong-s-cpi\"><strong>Another Combo but For Hong Kong\u2019s CPI<\/strong><\/h3>\n\n\n\n<p>Price pressures have been cooling in Hong Kong and a dramatic retreat of the Consumer Price Index to 0.8% year over year (y\/y) from 1.4% is expected tomorrow. Falling below 0.5% y\/y is a stretch, however, and would require the lowest number in over four years, or since February 2021. For that reason, I find the risk-reward profile of the \u201cYes\u201d answer at 0.4% for $0.90 attractive. But a move north to above 1.9% also carries a very low likelihood, due to real-time measures of cost forces being extremely weak. I like the \u201cNo\u201d at 1.9%, which costs $0.95. The path to profitability is particularly wide for this combination in my opinion.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-FT-8-20.png\" alt=\"Hong Kong price pressures have been falling\" class=\"wp-image-229326 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-FT-8-20.png 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-FT-8-20-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-FT-8-20-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-FT-8-20-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"95\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-8-20-FT-1100x95.png\" alt=\"IBKR ForecastTrader Contract with Honk Kong CPI threshold of 0.4%\" class=\"wp-image-229327 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-8-20-FT-1100x95.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-8-20-FT-700x61.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-8-20-FT-300x26.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-8-20-FT-768x67.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-8-20-FT.png 1325w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/95;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"96\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-FT-8-20-1100x96.png\" alt=\"IBKR ForecastTrader Contract with Honk Kong CPI threshold of 1.9%\" class=\"wp-image-229328 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-FT-8-20-1100x96.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-FT-8-20-700x61.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-FT-8-20-300x26.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-FT-8-20-768x67.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-FT-8-20.png 1320w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/96;\" \/><\/figure>\n\n\n\n<p>S<em>ource for Images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of August 20, 2025.<\/em><\/p>\n\n\n\n<p>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>here<\/strong><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initial unemployment claims have been stabilizing between 216k and 229k in the past six weeks and my forecast calls for filings to remain range bound.<\/p>\n","protected":false},"author":903,"featured_media":223537,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,18929,18,6,8,9,26,3],"tags":[15688],"contributors-categories":[13760],"class_list":{"0":"post-229321","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asia","8":"category-forecast-trader","9":"category-macro","10":"category-north-america","11":"category-region","12":"category-securities","13":"category-text-articles","14":"category-traders-insight","15":"tag-unemployment-claims","16":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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