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.




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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