The "Options Action" traders share three options trading strategies to kick off the week.
Dan Nathan broke down how to collar a stock against a long position in Apple.
Mike Khouw and Carter Worth illustrated put buying in the Consumer Staples ETF.
Khouw also outlined a call calendar in Yeti.
Trader disclosure: Dan is long XLI May put spread. Long XRT May put spread. Long WFC May put spread. Long SMH June Put Spread