Options Action: Volatility
Don’t know about options? There’s no time like the present!
With markets so volatile, Mike Khouw Of Cantor Fitzgerald says this may be a very important time to incorporate options into your portfolio.
Khouw tells the desk a put spread in the SPY may be worth a look as a hedge against further downside.
For example; investors could buy the SPY September 104 puts and sell the SPY September 87 puts against it, he says.
Learn more about this trade. Watch the video now!
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to email@example.com.
CNBC.com with wires