Here's a trade. Fifteen economists surveyed other economists about AI and concluded U.S. GDP growth would be modestly elevated through the early 2030s, with a tail of much faster growth. Translating their forecasts to equity prices implies the S&P 500 around 11,000 in late 2031 vs. 8,000 today. The SPX 15,000 calls expiring December 19, 2031 trade for about $130, implying roughly 40% annualized returns if the economists are right, and 10x upside if AI starts writing Pulitzer novels and replacing the paralegals.
