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.