Steve Sosnick

Steve Sosnick, equity risk manager at Interactive Brokers, recommended on Bloomberg Markets a bearish options strategy in iShares MSCI Canada Index (ETF) (NYSE: EWC). Sosnick thinks that the trade anxiety between the United States and Canada and a decline in crude oil price are going to hurt Canada...

Speaking on Bloomberg Markets, Steve Sosnick of Interactive Brokers suggested that traders should consider a bearish options strategy in Sprint Corp (NYSE: S). He thinks that the stock is getting tired and he wants to sell the May 8/9 call spread for a credit of $0.40. If the stock stays below $8,...

Steve Sosnick of Interactive Brokers suggested on Bloomberg Markets that investors should consider a strangle options strategy in Financial Select Sector SPDR Fund (NYSE: XLF). He wants to buy the April 24.50 call and the April 23.50 put for a total credit of $0.38. The trade breaks even at $24.88...

Steve Sosnick of Timber Hill spoke on Bloomberg Markets about an options trading idea in General Motors Company (NYSE: GM). He wants to sell the April 7th, 35 strike calls and buy the April 7th, 37 strike calls in the name for a total credit of $0.70. If the stock closes below $35 at the April 7...

Speaking on Bloomberg Markets, Steve Sosnick of Timber Hill suggested traders should consider a bearish options strategy in SPDR KBW Regional Banking (ETF) (NYSE: KRE). He is concerned because the financials failed to move higher with the rest of the market last week. After the Fed raised interest...

JPMorgan Chase & Co. (NYSE: JPM) which repaid bailout funds five months before its competitors, is leading again in the next test of bank fitness: restoring dividends cut last year amid the credit crisis. Investors in the U.S. options market already are betting JPMorgan will more than double...