Market Overview

Dan Deming's Health Care SPDR (ETF) Trade

Dan Deming's Health Care SPDR ETF Trade

Speaking on Bloomberg Markets, Dan Deming of KKM Financial spoke about a bullish options strategy in Health Care SPDR (ETF) (NYSE: XLV).

He explained how he thinks the sector is oversold and could react positively as the market stabilizes. He doesn't want to jump in the stock immediately, because there might be some more downside. Instead, he wants to use options to make a bullish bet.

Related Link: Looking To Healthcare ETFs For Earnings Growth

Deming wants to sell the March 64 put and buy the March 68 call. With the trade, he is going to participate on the upside if the market trades above $68 at the March expiration. If the stock drops below $64, he is going to have to buy it at $64 or around 4 percent lower from the current market price.

Image Credit: Public Domain


Related Articles (XLV)

View Comments and Join the Discussion!

Posted-In: Analyst Color Long Ideas Sector ETFs Short Ideas Health Care Media Trading Ideas ETFs

Latest Ratings

HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at