2013 SPX trade 7

This is the first trade for the month of April.

1595/1600 call spread
Credit of $176.8 net commissions
Expiration April 5th, Friday
Delta .11 (89% chance of success)

It’s a risky trade in a sense the market shows no signs of slowing down. FOMC meeting was more fodder for it to go higher.

To get to 1595, the market has to take out 1565+ it’s all time closing high AND 1576 it’s all time intraday high.

2 weeks and 2 days for it to do that and close close to 1595. I like my odds, but if one feels a little bit more risk averse, go with the 1600/1605 strikes for a bit lower premium and around .09 delta




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