A portfolio manager has observed increased scarcity value in single A rated corporates in a particular industry, and anticipates more aggressive issuance of these securities to take advantage of the pricing. What would be a possible reasonable approach to capitalize on this observation?

Group of answer choices

Buy some more singe A rated corporates now before spreads narrow

Wait to buy more single A rated corporates later after spreads widen

Wait to sell some single A corporates after spreads narrow

Buy some now and sell some later