Matthew Rowe's SPDR S&P 500 ETF Trust Trade

Headwaters Volatility's Matthew Rowe spoke on Bloomberg Markets about an options trade in SPDR S&P 500 ETF Trust SPY.

He wants to buy the May 17, 300-strike call and hedge it with a short stock position. It is a market neutral way of betting on the implied move of the stock market, explained Rowe.