An options trade to capture a move to S&P 500 record highs

U.S. equity markets surged higher as the wishy-washy expectations of future Federal Reserve policy were galvanized into an imminent rate cut in September. Chairman Jerome Powell telegraphed resuming the Fed's interest rate cutting campaign from pre-election meetings last Fall (a 50 basis points cut could find some legs too). I want to utilize the SPDR S & P 500 ETF Trust (SPY) to capture the potential for more additional new highs in the S & P 500. The Fed's annual gathering of global central bankers and economists kicked off last night in Jackson Hole, Wyoming. However, investors were in a holding pattern awaiting Powell's speech and his tone on his economic outlook. The last five trading days have been consecutive down days for the benchmark index, albeit small in aggregate of falling ju