If you want to play market but limit your potential for losses, Mike Khouw of Canter Fitzgerald has an idea for you.
He suggests an options trade in the SPY . It follows:
SPY AT 106
Buy 112 Call @ $3.50
Sell 94 Put @ $3.50
How Mikes Trade Makes Money
Profits Above 112
Get Long At 94 - Losses Below 94
*Learn more about this trade. Watch the video now!