Jim Strugger's Select Sector Financial Slct Str SPDR Fd Trade

Speaking on

, Jim Strugger said that he is expecting at least a bounce in

after the ETF traded sharply lower. To make a bullish trade, he wants to buy the March 22 call option for $0.30. The trade breaks even at $22.30 or approximately 7 percent higher from the current price. Strugger explained that by purchasing call options, he has a limited risk and a possibility to participate in a potential move higher.