Stocks opened Monday morning with solid gains across the board, but sellers moved in on cat feet and began pawing at the highs until they unraveled like a ball of string. The net result was losses across the board, with the SPDR S&P 500 ETF (SPY) falling 0.1% while the small caps once again took the brunt of the attack, giving up 0.9%.

Bears appear to think that the U.S. economic recovery is in danger of failing to shift into a higher gear now that there is so much concern about overseas economic growth. Eurozone, Japan and China, I’m looking at you.

However, those concerns are overblown. While there could always be some kind of really big external shock that derails the U.S. recovery, it’s not very likely. Despite globalization, the United States is a fairly closed economy, which means that it is “relatively immune” to overseas developments, according to Capital Economics analysts. In fact, even if the eurozone were to contract this year, U.S. exporters would still be on track to see sales there grow around 5% annualized.

Consumption growth in this country, combined with the export of things like consumer electronics, entertainment and high-end machinery and machined goods, makes for a fairly stable advancement.  Basically, once an economy as big and strong as the U.S. gets going in one direction, it would take a lot to push it off course. Slightly higher interest rates from the Federal Reserve would not do that, and neither would a 1% or 2% contraction in the eurozone.

The bottom line is that the CounterPoint Options system expects stocks to rebound back toward highs and volatility to abate, bringing its positions (and future positions) deeply into the black. Today’s recommendation is a bullish play on large-cap stocks via SPY November calls.

Buy the SPY Nov. 22nd $200 calls at current levels (around $1.80), and set up to sell them at $4.00 limit, good till canceled. By scooping them up at such a discount, you’ll be well-positioned to reap a 120%+ profit later on, when investors rush back into S&P 500 stocks.

Jon Markman operates the investment firm Markman Capital Insights. He also offers a daily trading advisory service, Trader’s Advantage, and CounterPoint Options, a service that helps individual traders make steady, consistent profits with volatility-related instruments.