What if...

...markets actually break up from here? Both NASDAQ and SPX have been stuck inside a range since late March. Consolidations on recent highs can become violent to the upside. GS writes: "The desk has seen some demand in the last week or so for right-tails, which has led to a bid in the S&P call wing. For a melt-up trade that very few have, S&P 3-month knock-out calls look decent."