Are you light in the shorts?
Need to have more upside exposure?
Here is a partial list of where to start looking.
SSO…Sept 14 120 or 120.50 calls
QLD…Sept 14 127 calls
LNG…Sept.14 85 calls
TSLA...Sept.14 270 calls
GILD...Sept.14 105 calls
BIDU…Sept.14 217.50 calls
X…Sept.14 40.50 calls
The idea here is to have a defined downside with unlimited upside if Yellen’s remarks are dovish.
This is the perfect time to play names or sectors to add Risk with “Known” downside
.
You need to pick a strike that has a reasonable chance to go in the money on a dovish fed statement.