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Market Overview

Dan Nathan Reduces Risk On His Utilities SPDR (ETF) Trade


On December 11, CNBC Options Action's Dan Nathan recommended a bullish options strategy for Utilities SPDR (ETF) (NYSE: XLU).

He bought the February 42 call for $1, which is now in the money. After the move higher, Nathan decided to sell the February 45 call to reduce his risk. He now owns the February 42/45 call spread.

Mike Khouw and Carter Worth commented on their Johnson & Johnson (NYSE: JNJ) trade. They still think that it is a good idea to own the February 105 call and they don't want to adjust the risk for the trade, although they might consider converting it into a call spread if the stock moves higher.


Related Articles (XLU + JNJ)

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Posted-In: Carter Worth CNBC Dan Nathan Mike KhouwOptions Markets Media

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