You work as a Salesperson on the Volatility Desk of a major Investment Bank. The Banks Economists predict a balmy, stable period ahead in the Stock Market as political tensions begin to ease. Assuming you believe them, what trade would you recommend your clients (hoping that they do well and continue being your clients for a long time)

a. You should recommend buying Puts on the S&P500 Index, as the market logically will go up.

b. You should recommend buying Calls on the S&P500 Index, as the market logically will go down.

c. You should recommend buying both Calls AND Puts on the S&P500 Index (Straddles), as the Volatility probably will go down.

d. You should recommend selling both Calls AND Puts on the S&P500 Index (Straddles), as Volatility probably will go down.