Scott Bauer's Guggenheim CurrencyShares British Trade

Scott Bauer, a senior market strategist at Trading Advantage, shared with the viewers of Bloomberg Markets his options trading strategy in Guggenheim CurrencyShares British FXB.

He said the options market is pricing in a $6 to $7 move in FXB. That could be on the downside as well, but the risk to reward for the upside is now fantastic, added Bauer. He wants to buy the August 129/133 call spread for $1. The breakeven for the strategy is at $130 or 3 percent higher from the closing price on Thursday. If the ETF jumps to $133 or higher at the August expiration, he can maximally make a profit of $3.