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Brian Stutland Sees Unusual Options Activity In The Healthcare ETF

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On CNBC's Options Action, Brian Stutland spoke about unusually high bullish options activity in Health Care SPDR (ETF) (NYSE: XLV) on Monday. He noticed that the call options volume was 11 times higher than the put options volume and he is wondering if this could be the beginning of the upside momentum for the sector.

There was a big trade on Monday in Health Care SPDR (ETF). A trader bought 40,000 contracts of the October 75 calls for $0.59. The trade breaks even at $75.59 or 3.22 percent higher from the current stock price. Stutland added that this trader believes all the negative news are priced in the ETF and that it's going to trade above $75.59 by the October expiration.

 

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Posted-In: Brian Stutland CNBC Options ActionOptions Markets Media