Buy These Options Before The Fed; Goldman

Options are cheap and with the market at record highs ahead of an expected 'hawkish cut', perhaps it's time to buy some protection as once again the market appears to have front-run the seasonal rally.

Most notably, Goldman Sachs points out that SPX options are pricing a +/-0.6% move for FOMC day, the lowest since the beginning of 2022 and lower than the +/-0.9% average move on the past four FOMC days.