Market Overview

Dan Nathan's Energy ETF Trade

Share:
Related XLE
Domino's, Pepsi, XLE: 'Fast Money Halftime Report' Final Picks For December 6
Semiconductor Stocks Are Under Heavy Selling Pressure
Getting Ready For 2018 - Part I: Rock-Solid Dividend Payers (Seeking Alpha)

Speaking on CNBC's "Options Action", Dan Nathan suggested that traders should consider a bearish options strategy in Energy Select Sector SPDR (ETF) (NYSE: XLE).

He thinks that the stock is heading lower and he wants to buy the October 64/60 put spread in Energy Select Sector SPDR (ETF) for $1. The trade breaks even at $63 or 2.17 percent below the current stock price. It can make a maximal profit of $3.

Posted-In: Dan Nathan Options ActionCNBC Sector ETFs Media ETFs

 

Related Articles (XLE)

View Comments and Join the Discussion!

Partner Center