Steve Sosnick

Steve Sosnick of Interactive Brokers suggested on Bloomberg Markets a bearish options strategy in Kraft Heinz Co (NASDAQ: KHC). He thinks it works well both as a hedge and a speculation. The stock has been underperforming the market in the last two years and Sosnick wants to buy the October 55 puts...

Interactive Brokers' chief options strategist, Steve Sosnick, spoke on Bloomberg Markets about an options trading strategy in Boeing Co (NYSE: BA). He thinks the stock is starting to form a topping pattern and he wants to sell the September 320 put and buy the October 320 put for $2.25. To make...

Steve Sosnick of Interactive Brokers spoke on Bloomberg Markets about a bearish options trade in SPDR S&P 500 ETF Trust (NYSE: SPY). He wants to buy the June 270/267 put spread for $1. The trade breaks even at $269 or 1.11 percent below the current stock price. If the stock drops to $267 or...

Steve Sosnick of Interactive Brokers suggested on Bloomberg Markets an options strategy in Valeant Pharmaceuticals Intl Inc (NYSE: VRX). The company is going to report earnings next week and Sosnick wants to use elevated implied volatility to sell options. He wants to sell the May 11, 17.50 strike...

Steve Sosnick, the chief options strategist at Interactive Brokers, recommended on Bloomberg Markets a bearish options strategy in Morgan Stanley (NYSE: MS). He would use it as a hedge for a long stock position or as a bearish bet. Sosnick wants to buy the September 44.50/43.50 put spread for 35...

Speaking on Bloomberg Markets, Steve Sosnick of Interactive Brokers recommended a short-term bearish options trade in SPDR S&P Biotech (ETF) (NYSE: XBI). He wants to fade the recent rally by selling the July 7, 78.50/80 call spread for a credit of 55 cents. If the ETF closes below $78.50 at the...

Steve Sosnick, the chief options strategist at Interactive Brokers, shared with the viewers of Bloomberg Markets an options strategy in Goldman Sachs Group Inc (NYSE: GS). He wants to sell the June 215 put and buy the July 215 put for a total cost of $2.80. For the trade to become profitable,...

Steve Sosnick of Interactive Brokers spoke on Bloomberg Markets about an options trade in Netflix, Inc. (NASDAQ: NFLX). The stock bounced off its 100-day moving average on Thursday, but Sosnick thinks it could continue to trade lower. He wants to use options to make a bearish trade and he believes...

Speaking on Bloomberg Markets, Steve Sosnick of Interactive Brokers suggested an options strategy in Financial Select Sector SPDR Fund (NYSE: XLF). He wants to purchase the July 23 put for $0.35 to hedge a long position in the financial sector, which he sees as the weakest sector in the market. The...

Steve Sosnick, the chief options strategist at Interactive Brokers, spoke on Bloomberg Markets about an options strategy in SPDR Gold Trust (ETF) (NYSE: GLD). He thinks that it would be a good idea to buy the June 121/123 call spread for $0.50 as a hedge for a potential geopolitical risk and a...

Steve Sosnick of Interactive Brokers shared with the viewers of Bloomberg Markets an options trading idea in iShares Russell 2000 Index (ETF) (NYSE: IWM). He thinks the small-cap stocks could be hurt the most, if there is a pull back ahead for stocks. To make money on a potential move lower,...