It may looks like things are quiet in the market right now, but looks can be deceiving.
CNBC’s Fast Money pros are setting up for what could be a wild September.
Not only are the economies of Europe and China showing signs of weakness, but the approaching election and imminent fiscal cliff are likely to send markets into a tailspin.
And investors have every reason to be jittery.
Looking at history, on average the S&P 500 has declined 0.8% each September, from 1950 to 2009, making it the worst month for the index.
As you might expect, September is also the worst month for the Dow and Nasdaq.
With a potentially terrible September only days away, what should you do?
Pro trader Steve Grasso recommends looking at single stocks - but not just single stocks that are currently performing well.
Grasso says, look at stocks that have an inverse relationship with the S&P - that is scour the market for stocks that historically make gains in September.
Unlike the S&P, "Seasonally September for Amazon has been very good," says Grasso. "That’s the way I'd play it. But, considering the valuations I’d make my bests with calls to limit upside risk."
Find out how the other Fast Money traders are getting ready for September in the video above.
Posted by CNBC's Lee Brodie
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CNBC.com with wires.