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Mark Sebastian's Financial Select Sector SPDR Fund Trade

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Mark Sebastian of Options Insight shared with the viewers of Bloomberg Markets his bullish options trade in Financial Select Sector SPDR Fund (NYSE: XLF).

He wants to buy the March 27 calls in the name for 12 cents. The trade breaks even at $27.12 or 11.01 percent above the current stock price. Sebastian explained that the stock has been a little bit of a lagger relative to the S&P 500, but he thinks it has a potential to catch up.

Posted-In: Bloomberg Markets Mark SebastianOptions Markets Media ETFs

 

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