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Just when you thought the market was stuck in neutral, it fired up its afterburners and soared higher for four straight days. The Dow notched a stunning 7% gain just this week.
The market's gravity-defying surge shows just how eager investors were to get over the election and get back to making money. And we're here to help you do just that with the best call option trade to make right now.
Pundits may have been surprised by the buying spree, but they should know that the market is looking ahead at what the news of tomorrow might be.
Contested election? Old news. The polls suggested it would be close.
New virus cases? Again, the weather is turning colder, and experts predicted another rise in cases.
No stimulus? It's back on the table now that the election is over. We may even have it by the end of the year.
If we look at the last election, which had many similarities, there was a road map laid out for this year. In 2016, the market faded all throughout October and bottomed on the Friday before the election. It then soared for the next two weeks. After a small consolidation, it headed into 2017, which was a stellar year for stocks.
This time might even be better for stocks. A divided government has proved a winning formula for Wall Street, with stocks averaging a 34% gain during years Democrats control the White House and Republicans control Congress.
Wall Street's already on board. The market is simply looking well ahead to what is likely to happen. Stimulus will provide another catalyst. And, of course, when new therapeutics or vaccines are released, there is likely to be another boost for investors.
It may be a bumpy road, but it is a road to higher prices nonetheless. And it should provide a great opportunity for options traders.
But this bumpy road won't be easy for traders who blindly jump into any stock. Even if markets ratchet higher, some stocks may stumble.
That's where we can help.
In fact, Money Morning Quantitative Specialist Chris Johnson is looking at which trends are still dominating the recovery from the pandemic to pinpoint exactly which stocks are poised to break out higher.
And then he's building options trades around it.
Here's how you can get in with our best call option today…