The “Options Action” traders share three options trading strategies to kick off the week.
Carter Worth and Mike Khouw like the Homebuilders and Home Depot.
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Mike Khouw recommends a call spread risk reversal in AT&T.
Dan Nathan recommends a call spread in Philip Morris.
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Trader disclosure: On June 8, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Options Action” were owned by the “Options Action” traders: Dan Nathan is short SMH. Dan is long XLF Sept put spread. Dan is long FB Aug put spread. Mike Khouw: Long S&P, Bearish on TSLA.
Source: cnbc.com | Original Link