Thought about the details post about CPI but as the market expectation is cooling down (Check picture), making it short.

Even though CPI data comes favorable 7.3 - 7.4%, we still have the Fed rate hike decision tomorrow, therefore, no need to become too optimistic until FOMC fed rate hike is published.

For the time being, update SL at entry in all long & Short calls as we might have some short relief if lower CPI data comes in where as higher CPI data will bring it down more.