Options strategies for the week: July 16

The “Options Action” traders share two options trading strategies to kick off the week.

Carter Worth And Mike Khouw think Netflix is heading lower.

Mike Khouw and Guy Adami recommend a put option in General Electric.

Trader disclosure: On July 13, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Options Action” were owned by the “Options Action” traders: Guy Adami is long CELG, EXAS, GDX, INTC. Guy Adami’s wife, Linda Snow, works at Merck.