Skip to main content

Market Overview

Mike Khouw's XLK Trade

Share:

On CNBC's "Options Action," Mike Khouw suggested a bullish options trade in Technology Select Sector SPDR Fund (NYSE: XLK). He thinks the stock is going to trade higher because it didn't trade sharply lower on the trade news that definitely was not positive.

Khouw wants to buy the January $88 call for $1.65. The trade breaks even at $89.65 at the January expiration, which is 2.22% above the current stock price.

 

Related Articles (XLK)

View Comments and Join the Discussion!

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com