#SPXcampaign An Upside Warning is going to fire today, barring any intraday market shock, so I’m going long call spreads on SPX. My favorite way to do this is to sell an equal-priced put spread so the cost of the purchased call spread is zero… unless, of course, I’m completely wrong and the market tanks. But that’s quite unlikely in the near term. If the long call spread fails, the put spread will likely expire worthless and net cost is zero in the end.

Bought to Open $SPX May 5th 2415/2435 call spreads for 2.20.
Sold to Open $SPX May 5th 2365/2340 put spreads for 2.40.

If we don’t get a strong up move by the end of this week, I will be doing this again with further dated expiration.