The U.S. market is not overvalued and there are still enticing sectors for investors even though the major U.S. indexes have recently powered to new highs week after week.
"The economy's great," Tom White, director and chief strategist of TradeWise Advisors, a subsidiary of TD Ameritrade Holding Corp. (AMTD) , said at TheStreet's recent Financial Success Strategies event. "Look at the unemployment rate; look at the global economy on scale. Everybody's doing pretty well right now. There's no outlying catalyst that's telling you that a recession is upcoming at this point."
Specifically, White likes the banking sector and uses options to take advantage of potential upside returns.
"If I were looking for a way to get bullish on Citigroup C, as an example, I might buy the 72-1/2 - 77-1/2 call spread," White said. A call spread is an options strategy that involves two call options with different strike prices but the same underlying asset and expiration date. In this case, a trader would buy 72-1/2 calls and sell 77-1/2 calls.
Click here to see more of what Jim Cramer, CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan and other experts had to say at TheStreet's Financial Success Strategies symposium.