Mark Sebastian's Healthcare ETF Trade

Mark Sebastian said on Bloomberg Markets he wants to use an options strategy called strangle in Health Care SPDR (ETF) XLV, to make money if the stock moves in either direction.

He wants to buy the May 73 put and the May 76 call for a total cost of $1.80. The break even for the trade is at $77.80 or 4.72 percent higher from the current stock price and at $71.20 or 4.16 percent lower. Sebastian thinks there could be some volatility ahead for Health Care SPDR (ETF).