Mark Sebastian's Healthcare ETF Trade

Mark Sebastian said on Bloomberg Markets he wants to use an options strategy called strangle in Health Care SPDR (ETF) (NYSE: XLV), to make money if the stock moves in either direction.

He wants to buy the May 73 put and the May 76 call for a total cost of $1.80. The break even for the trade is at $77.80 or 4.72 percent higher from the current stock price and at $71.20 or 4.16 percent lower. Sebastian thinks there could be some volatility ahead for Health Care SPDR (ETF).