Dan Deming's Technology SPDR ETF Trade

Dan Deming said on Bloomberg Markets that Technology SPDR (ETF) XLK could move higher, going into the first quarter.

He wants to use a risk reversal options strategy to make a bullish bet. Deming wants to sell the March 46 put and buy the March 48 call for a debit of $0.60. If Technology SPDR (ETF) trades above $48.60 at the March expiration he is going to make money with the trade. Below $46, he can lose more than $0.60.