Mark Sebastian's Nordstrom Options Trade

Mark Sebastian of Option Pit shared with the viewers of Bloomberg Markets a bearish options trading idea in Nordstrom, Inc. JWN.

The stock traded 5.74 percent higher after the company reported strong Q4 earnings, but Sebastian thinks the rally isn't sustainable and he wants to make a bearish trade in the name.

He wants to buy the March 45 put for $1.20. The trade breaks even at $43.80 or 5.73 percent below the closing price on Friday.

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Posted In: OptionsMarketsMediaBloomberg MarketsMark Sebastian
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