Chris Kettenmann's Energy ETF Trade

Chris Kettenmann of Marco Risk Advisors spoke on Bloomberg Markets about a bearish options strategy in Energy Select Sector SPDR (ETF) XLE.

He thinks crude oil is going to trade lower in the long term and he wants to use a risk reversal options strategy in Energy Select Sector SPDR (ETF) to make a bearish bet. Kettenmann wants to sell the March 65 calls and buy the December 60 puts for a total cost of 43 cents.

Loading...
Loading...
XLE Logo
XLESPDR Select Sector Fund - Energy Select Sector
$82.020.35%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
29.93
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...