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Why S&P 500 may head lower: Garnry
Saxo Bank's head of equities strategy Peter Garnry says that he is looking to short the S&P 500 which is trading at a 10-month high and pushing evaluation levels not seen since 2003.
However, the economy has slowed down over the last few months and according to Garnry, selling July put options offers protection of gains for a small premium. He points to several factors that could drag the market lower such as increased volatility, a Brexit, weak Chinese data, or a change in oil sentiment.
01:22 minutes
Tags: index, options, peter garnry saxo bank, premium, put option, saxotradergo, sp 500, sp500, tradingfloor.com saxo bank
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