Kevin Kelly's SPDR S&P 500 ETF Trust Trade

Speaking on

, Kevin Kelly of Recon Capital Partners suggested that investors should consider a bearish options strategy in

. He thinks that it is a good idea to buy the September 198/181 put spread for $5.30. The break even for the trade is at $192.70 or approximately 3 percent lower from the current price. If the stock drops to $181 or lower, the trade can maximally make $11.70. For the trade to reach its maximal profit,

has to drop at least 8.75 percent.