The seven-week rally that pushed the S&P 500 Index within 10 points of the 2,200 level still has room to run, according to a signal from options on an ETF that tracks the equity benchmark. The level of bullish bets that the SPDR S&P 500 exchange-traded fund will rise reached a record this month and hit the highest level since January relative to bearish options. The underlying index has set 10 closing records since July 11.
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