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Steve Sosnick's SPDR S&P 500 ETF Trust Trade


Steve Sosnick of Interactive Brokers spoke on Bloomberg Markets about a bearish options trade in SPDR S&P 500 ETF Trust (NYSE: SPY).

He wants to buy the June 270/267 put spread for $1. The trade breaks even at $269 or 1.11 percent below the current stock price. If the stock drops to $267 or lower, Sosnick is going to reach the maximal profit for the trade of $2.


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Posted-In: Bloomberg Markets Steve SosnickMedia ETFs