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Scott Bauer's Healthcare ETF Trade

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Scott Bauer of Trading Advantage suggested on Bloomberg Markets that traders should consider a bullish options strategy in Health Care SPDR (ETF) (NYSE: XLV).

He believes that the stock has bottomed and he wants to buy the April 21st, 75/76.50 call spread for $0.50. The trade breaks even at $75.50 or 1.37 percent above the closing price on Wednesday. If Health Care SPDR (ETF) jumps 2.71 percent to $76.50 or higher, the trade is going to reach its maximal profit of $1.

 

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Posted-In: Bloomberg Markets Scott BauerOptions Markets Media ETFs