Market Overview

Mike Khouw's SPDR S&P 500 ETF Trust Trade

Related SPY
Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
Trump: US May Extend Deadline On China Trade Talks
The Love Affair With Nvidia Is Over As Investors Come To Their Senses (TalkMarkets)

Mike Khouw suggested on CNBC's "Options Action" an options strategy in SPDR S&P 500 ETF Trust (NYSE: SPY) that could offer investors protection in case of a market decline.

Khouw said it would be a good idea to buy the December 276 puts for $4.50. The trade offers protection below $271.50 or 5.76 percent below the current market price. Khouw explained that in case the market declines, investors can either sell the put or create a put spread.

Posted-In: CNBC Mike Khouw Options ActionMedia


Related Articles (SPY)

View Comments and Join the Discussion!

Earnings Preview: Streamline Health

Fast Money Picks For September 11