SPX trade 19

GDP numbers came in a little lower than forecast.  However, 2.5% growth is not exactly the number bears were looking for.

I would still want to be cautiously long. Bulls may make a final push to the 1620’s as my friend Mark talked bout earlier this month.

Here is trade 19:

-4 1635/1640 SPX call spread

.08 delta

5/16 expiration. Thursday @ close. Settle price is Friday @ open.

.30 credit. Not ideal credit, but wanted to to farther out in strikes.

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One response to “SPX trade 19

  1. Oh Man! You’re setting me up to lose face, dude LOL!!! This should be a good trade if we can stay above 1576 into the close today.

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