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
5/16 expiration. Thursday @ close. Settle price is Friday @ open.
.30 credit. Not ideal credit, but wanted to to farther out in strikes.