Fast Action: Making Bank With Options
How would you like to double your money by June in the financials while risking only a buck?
With the XLF showing signs of a breakout, that's exactly what Brian Stutland of Stutland Equities is looking to do.
Here’s how Stutland suggests playing it!
June XLF Options Chain - XLF $15.75
Buying June 15-strike call for $1.20
Selling June 17-strike call for $0.20
How Stutland's Trade Makes Money
Profits capped at $17.00
Profits above $16.00
Losses below $16.00
Learn more about this trade. Watch the video now!
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Trader disclosure: On March 18th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Stutland Equities Is A Market Maker in (VIX); Stutland Equities Is A Market Maker in (SPX) Futures; Stutland Owns (GS) Call Spread; Stutland Owns (GE); Kelly Is Short (EURUSD); Kelly Is Short (GBPUSD); Kelly Is Short (EZU); Finerman's Firm Is Short (SPY), (IWM), (MDY), (IJR), (SPY), (USO); Finerman's Firm Owns (IYR) Puts; Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (GOOG); Finerman's Firm And Finerman Own (JPM); Finerman's Firm And Finerman Own (WFC) Preferre ; Grasso Owns (TSO); Grasso Owns (AAPL)
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