Dan Deming's iShares MSCI Emerging Markets Index Trade

Den Deming of KKM Financial spoke on Bloomberg Markets about an options strategy in iShares MSCI Emerging Markets Index EEM.

He thinks there might be more downside ahead for the stock and he wants to buy the June 43/42 put spread and sell the June 41 put. If the stock trades below $41 at the June expiration, Deming is going to have to own the stock at $41, but his real entry price would be $40, due to a profit of $1 on the put spread.