Todd Horwitz's Energy ETF Trade
Horwitz wants to buy the December 16th, 74 strike put and sell the December 2nd, 73 put for a total risk of $0.86. If Energy Select Sector SPDR (ETF) stays above $73 at the Friday expiration, he is going to have a long position in the December 16, 74 strike put at a lower price.
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