The "Options Action" traders share three options trading strategies to kick off the week.
Michael Khouw broke down a call spread in the S&P 500 ETF.
Khouw also Illustrated a put spread in the Consumer Staples ETF.
Trader disclosure: Mike Khouw is long HAL. Karen Finerman's firm is long ANTM, C, CBS, CPRI, FB, FDX, FL, FNAC, GOOG, GOOGL, GLNG, GMLP, HD, JPM, LYV, RRGB, SPY puts, SPY put spreads, TBT, TGT, URI, WIFI. Her firm is short HYG, IWM. Her firm is short TGT calls. Karen Finerman is long AAL, AYR/CN BAC, BOT Bitcoin, Bitcoin Cash, Ethereum, C, CAT, CBS, CPRI, DAL, DVYE, DXJ, EEM, EPI, EWW, EWZ, DVYE, FB, FL, GM, GMLP, GLNG, GOOG, GOOGL, JPM, LOW, LYV, KFL, MA, MTW, REAL, SEDG, TACO, WIFI, WFM. Karen Finerman is long FB spread calls. Karen Finerman is long GOOG put spreads. Karen Finerman is long SPY puts. Bitcoin and Ethereum are in her kids' Trust.