SPX trades

#SPX5dte Bought to Open $SPX Aug 10th 4160/4180 call spreads for 7.00.

Since an Upside Warning looks likely to fire at today’s close, I am going short-term bullish and only buying a call spread rather than a condor. I will look to close this Monday or Tuesday on any significant rise in SPX. The inflation number for July will be released on the 10th (Wednesday), so volatility should increase on these options and hopefully boost the price as well.

Current IV on the Aug 10th SPX option chain is 18.25%