Scott Nations Suggests An Option Strategy In Deutsche Bank AG (DB)

CNBC Options Action's Scott Nations said on the show that he wants to get some exposure to the downside in Deutsche Bank AG (USA) DB, and he wants to use options to do that. Specifically, Scott Nations wants to buy a put spread in Deutsche Bank AG (USA) (DB). He wants to buy the August 55 put for $3.30, and sell the August 50 put for $1.65. This trading structure would cost him $1.65, and this amount is only one third of the width of the spread. The break even for this trade is at $53.35. Deutsche Bank AG (USA) (DB) gained 0.29% today, and it closed at $56.02.