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Transcripts For CNBC Options Action 20170609

Could sends them back. Well tell you on the profit. We start tonight in the financials, while tech stocks took it on the kin today the banks actually surged. The xlf rallying 2 the best week since early december. This as bank of america, wells fargo, j. P. Morgan and citigroup are up 2 or more. Coming on the heels of a doddfrank roll back. Is a pank trade on tractor should you save this mover . Dan. Well, i think fade it. Listen, you mentioned the two events. Theyre well known. We know that the fed is going to raise 25 basis points next week. What happened to the 210 spread . It didnt move this week. Okay. Also, last week what did we get from a lot of these banks . Management, q2 is not shaping up particularly great. Yeah, they need a little volatility. They dont need the volatility that we saw in todays action in the nasdaq personally. I dont think they do. So when i look out to the 3. 5 move, the xlf the track the bank stocks here, i think it sets up as a really
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