High probability trade = Sell S&P 500 for 3% from today’s quotes.
The “S&P 500” (quote $3,223) made it’s 1.5% gain on highs on top of July '19 highs, I think it’s a prudent time to sell and consider the “Volatility Index” (TVIX) as well.
S&P 500 target $3,100 quote $3,223 for a 3.9% difference. Duration 1-6 weeks, estimated 2-3 weeks.
In that case VIX (Volatility Index for S&P 500) would likely jump to around $15, which it appears likely to; quote $12.78. That would probably put the TVIX (a tradeable ticker, unlike the VIX) around $65, quote $51.15.
Looks like a good time to avoid short-term GBP exposure.
Have a holly jolly Christmas.