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News   Press Releases

Jim Strugger's Financial ETF Trade

XLF | July 11, 2017

Jim Strugger of MKM Holdings recommended on Bloomberg Markets a bullish options trade in Financial Select Sector SPDR Fund (NYSE: XLF).

He thinks that the financials could trade higher after the earnings and he wants to buy the October 26 call for 44 cents in Financial Select Sector SPDR Fund to make a bullish trade. The trade breaks even at $26.44 or 5.68 percent above the closing price on Monday.

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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