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A few weeks ago, I named infrastructure stocks “The Best Sector Bet This Year.” President Biden had just introduced a $2 trillion proposal that included a wide range of spending initiatives.
Republicans have counter-proposed an $800 billion spending plan that is narrower in scope. It’s too soon to tell how those negotiations will turn out. However, it is probably safe to assume that some sort of spending bill will eventually be approved this year.
In that article, I used the
iShares Global Infrastructure ETF (IGF) as an example of one way to play this sector. Specifically, I suggested buying a call option on IGF that expires on July 16 at the $45 strike price. At that time, that option could be bought for $2.