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Dan Nathan's Energy ETF Trade

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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: CNBC Dan Nathan Options ActionSector ETFs Media ETFs

 

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