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Dan Nathan's Energy ETF Trade

September 11, 2017: 07:58 AM ET

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.

Related ETF Content:

Markets
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Index Last Change % Change
Dow 22,329.66 -29.57 -0.13%
Nasdaq 6,419.35 -3.34 -0.05%
S&P 500 2,499.20 -1.40 -0.06%
Treasuries 2.26 -0.02 -0.75%
Data as of 12:46pm ET
Company Price Change % Change
Advanced Micro Devic... 13.18 -0.22 -1.68%
Bank of America Corp... 25.01 -0.15 -0.60%
Apple Inc 151.32 -2.07 -1.35%
General Electric Co 24.90 0.15 0.61%
Ford Motor Co 11.83 0.11 0.94%
Data as of 12:30pm ET

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