Market Overview

Dan Deming's SPDR S&P 500 ETF Trust Trade


Dan Deming of KKM Financial spoke on Bloomberg Markets about an options strategy in SPDR S&P 500 ETF Trust(NYSE: SPY).

He thinks that the ETF is trading close to its resistance and he wants to use options to initiate a short position. Deming wants to buy the January 214 put and sell the January 207 put in SPDR S&P 500 ETF Trust for a total cost of $1.60. The trade breaks even at $212.40 or 2.08 percent lower and it can maximally make a profit of $5.40.


Related Articles (SPY)

View Comments and Join the Discussion!

Posted-In: Bloomberg Markets Dan Deming KKM FinancialOptions Markets Media

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