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Alan Knuckman's Financial Select Sector SPDR Fund Trade

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Alan Knuckman of Bulls-Eye Option spoke on Bloomberg Markets about a bullish options trade in Financial Select Sector SPDR Fund (NYSE: XLF).

He thinks the financial stocks could trade higher on the news of financial deregulation. To make a bullish bet, he wants to buy the January 2018, 20 strike call in Financial Select Sector SPDR Fund for $4.25.

The trade breaks even at $24.25 or 2.23 percent above the current market price. He decided to buy the January 2018, 20 strike call because it costs only $25 more than the June 20 call and it gives him much more time.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

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