The slow and steady march higher in the US stock market has been a painful ride for traders expecting President Donald Trump’s tariffs to derail a rally that’s lasted for more than four months.
While there’s no guarantee the quiet climb to fresh records will continue, those willing to bet it will should consider putting on a moderately bullish options trade known as a call ratio spread, according to Maxwell Grinacoff, head of US equity derivatives research at UBS Group AG.