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Trade #4 –
SPDR S&P 500 (SPY)By Michael Shulman
Labor Day means everyone is heading back to school and back to work, including professional investors and traders, so we should see a rise in volume
in equity markets.Personally, I think this will be the last leg of the rally and a prelude to a serious correction coming in late September or October. But that doesn’t
mean you can’t make money as the rally runs its course with very short-term (i.e., a one- to two-week time horizon) trades.Take a look at short-term call options on the SPDR S&P 500 (SPY). I recommend the out-of-the-money SPY
Oct 102 Calls (SWGJX), or even further out-of-the-money October calls. Be prepared to make a quick 40%-plus profit, and then run.
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