TRADE ALERT: Sell HALF Your SPY Calls
Under normal circumstances, you won’t hear from me or Andrew until Thursday, but we have a special situation today. Before the market opened, the December Consumer Price Index (CPI) print was released, which was great news for our trade on the SPDR S&P 500 ETF (NYSE: SPY). The “core” CPI came in at 3.2% — slightly lower than Wall Street expectations — while the broader index read a 2.9% increase.
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