Alon Rosin's SPDR S&P 500 ETF Trade

Oppenheimer's Alon Rosin spoke on Bloomberg Markets about a bearish options trade in SPDR S&P 500 ETF Trust (NYSE: SPY).

He thinks that the market might move lower into the year end and he wants to use options to make a bearish trade. Rosin wants to sell one contract of the December 265 call and he also wants to buy 2.5 times the December 252/240 put spread for a total cost of around a dollar.