To play the December market bump for a potential double, buy near-the-money SPY call options expiring Dec. 22, 2017. ("Near-the-money" means the strike price of the call option is near the current price of the SPY ETF, currently trading around $263.) These options are trading around $2.00 today. Look to sell when these calls have doubled in value, or by 3 p.m. on Friday, Dec. 22, 2017.
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