On Friday’s CNBC’s Options Action, the crew analyzed the retail sector’s recent underperformance compared to the overall market despite big gains within the sector. XRT has recently failed to make new highs and has a few bearish technical patterns emerging. Expecting a sizable move to the downside, Michael Khouw suggested buying a Dec 45 Put for $1.90 Debit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: CNBC Options Action