After the Fed cut rates by 50 basis points yesterday, investors were a bit mixed, grateful for the cut but also thinking, "Is the economy worse than what we are aware of?". After sleeping on the news, Wall Street bulls took control and pushed the major indices to record highs. All gained more than 1% on the day with the NASDAQ gaining over 2.5%!



With this optimism, our traders found an excellent window of opportunity and opened a bull put spread. It expired at the closing bell for a gain of 3.1%. Have a wonderful weekend!