Tune into MRKT Call @ 1 PM EST with Guy Adami, Dan Nathan and Carter Worth

Today’s MRKT Call is Presented by Fidelity

Today at 1 pm, Guy Adami and Dan Nathan will go live on YouTube to discuss:

• How To Play for A Pullback in S&P 500

• Nike: Just Buy It?

• Delta & JPMorgan Earnings Preview

If you enjoyed this episode, make sure to subscribe to the Risk Reversal YouTube Channel:

SHOW NOTES:

SPY ($517) Buy May 515 - 490 put spread for ~$5

• Buy to open 1 May 515 put for ~$7

• Sell to open 1 May 490 put at ~$2

Break-even on May expiration:

• Profits of up to 20 between 510 and 490 with a max gain below 490

• Losses of up to 5 between 510 and 515 with a max loss above 515

NKE ($90.75) Buy May - June 95 call calendar for ~$1

• Buy to open 1 June 95 call for ~$2

• Sell to open 1 May 95 call at ~$1

Break-even on May expiration:

• If the stock is 95 or below the May call expires worthless and you are left owning June 95 call for $1.

• The max risk is the $1 premium paid.

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