Trade Alert: SPY, SLB

Sell to close both the SPDR S&P 500 ETF (NYSE: SPY) January 19, 2018 $250 call option and the Schlumberger (NYSE: SLB) January 19, 2018 $67.50 call option.

Ahead of the Fed announcement tomorrow, which could result in a stock market pullback if the policy decision is perceived negatively, we feel discretion is the better part of valor. We recommend lightening market exposure by taking gains on both the SPY and SLB calls. 

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