In today's Traders Exclusive, Tim Biggam notes that although market participants anticipated the Fed announcing the end of Quantitative Easing, equity indexes had a slightly negative initial reaction to the news. The reduction of the Central Bank's liquidity injections should temper the market through year end, and Biggam anticipates a range bound trading environment, where the S&P likely vacillates between 2,000 and 1,850. With a trading range likely, selling options on the indexes becomes a particularly attractive strategy. As far as specific stock picks, Alibaba (BABA) has had a nice run off its lows near $83 and has tagged $100 a few times now, possibly getting ahead of itself and setting up to sell put spreads against. Yesterday Goldman Sachs released its 2016 earnings estimates for the S&P 500, and applying a 15x multiple projects a price level of 1,960, confirming the range bound thesis.