Todd Gordon's Home Depot Options Trade

Todd Gordon of TradingAnalysis.com shared with the viewers of CNBC's Trading Nation his bullish trading idea in Home Depot Inc HD.

Gordon said the stock is currently trading below $135, but he believes that it's soon going to move higher and reach $140. To initiate a long position in Home Depot, he wants to buy the February 135/140 call spread for $2.13.

The trade breaks even at $137.13 and it can maximally make a profit $2.87. Gordon wants to activate a stop loss, if the premium drops to $1.07.