Retail stocks have had a great run the past two months. CCI is willing to take a small position that that trend will slow down soon. On Friday, CCI sold the March $59 -$60 call spread in XRT (an etf of retailers) for a credit of $43/contract after commission.
Basically this position will profit if this sector pulls back in the next month. In this case it will act as a hedge by providing some income to balance the likely overall losses to the full portfolio. If the retails sector continues to soar, the max loss on this trade is $57/contract.