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On CNBC's "Options Action," Carter Worth of Cornerstone Macro said that the market is currently not priced for the contested election. VIX is still very elevated and Worth would trade with caution.

He would rather short SPDR S&P 500 ETF Trust SPY or buy puts in the ETF, then be long.

Posted In: Broad U.S. Equity ETFsOptionsMarketsMediaETFsCarter WorthCNBCOptions Action

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