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Mike Khouw's XLK Trade


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.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media


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