Scott Nations Wants To Buy A Put Spread In Financial Select Sector SPDR (ETF) (XLF)

Scott Nations said on CNBC's Fast Money that he is worried about the impact that Basel III will have on the U.S. financial sector. But that is not his only problem with the equity market in US. He is also concerned about low volume. To protect from the potential problems in the financial sector, Scott Nations wants to buy a put spread. Specifically, he wants to sell the December 12 put for $0.20, and buy the December 14 put for $0.45. This structure would cost him $0.25, and his maximal profit is $1.55. Financial Select Sector SPDR (ETF) XLF gained 0.14% today. See more real-time trading ideas Here
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Posted In: CNBCFast MoneyOptionsMediaScott Nations
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