Jim Strugger's Financial ETF Trade

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.