Dan Nathan's SPDR S&P Retail Trade - SPDR S&P Retail ETF (ARCA:XRT)

CNBC Options Action's Dan Nathan suggested on the show a bearish options strategy in

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Crypto Whales Are Loading Up — Are You?

SPDR S&P Retail (ETF)

(NYSE: XRT). Nathan wants to sell the December 90 put for $0.70 and buy the March 90 put $2.40. He would have to pay $1.40 for this calendar put spread. Nathan believes that the retailers will trade sideways in the next couple of weeks and after the holiday season he expects the space to trade lower. If SPDR S&P Retail (ETF) stays above $90 at December expiration and closes below $88.60 at March expiration, the trade is going to be profitable.SPDR S&P Retail (ETF) jumped 0.13 percent on Friday and closed at $92.68.