Jim Strugger of MKM Holdings suggested on Bloomberg Markets that investors should consider a bullish options strategy in TJX Companies Inc TJX.
The company is going to report earnings on Tuesday and he expects to see better than expected results. Strugger wants to make a bullish bet in TJX with a long position in the January 80 calls. He has to pay a premium of $1.15, which sets the break even for the trade at $81.15 or 9.34 percent higher from the current stock price.
Strugger added that traders who want to get exposure to the retail sector, but don't want to buy an individual company should consider buying the January 46 calls in SPDR S&P Retail (ETF) XRT for $0.86.
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