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 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.