The "Options Action" traders share three options trading strategies to kick off the week.
Dan Nathan recommends a put spread in Morgan Stanley.
Carter Worth and Mike Khouw like Toll Brothers.
Mike Khouw recommends 1x2 put spread in Tesla.
Trader disclosure: On June 29, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Options Action" were owned by the "Options Action" traders: Mike Khouw is long S&P, HAL. Bearish on TSLA. Dan Nathan is short SMH. Dan is long XLF Sept put spread. Dan is long FB Aug put spread. Dan is Long T Oct call spread.