Trader: Sell retailers, bet on oil

J.C. Penney store is viewed at the Gateway Center Mall in Brooklyn.
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J.C. Penney store is viewed at the Gateway Center Mall in Brooklyn.

Jim Lebenthal, the current leader of the Fast Money Halftime Report Portfolio competition, sold shares of a retailer and purchased an oil giant in its place, a bet that the long consumer, short energy trade that's worked for six months may end.

Here's what he did: