Three options strategies for the week: July 9

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

Carter Worth and Mike Khouw like American Express.

Brian Stutland recommends a call option in Pepsi.

Mike Khouw recommends a call spread in WWE.

Trader disclosure: On July 6, 2018, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Options Action” were owned by the “Options Action” traders: Mike Khouw is long S&P, HAL. Bearish on TSLA.