Todd Gordon's SPDR KBW Regional Banking ETF Trade

Todd Gordon of TradingAnalysis.com suggested on CNBC's "Trading Nation" a bearish options trade in SPDR KBW Regional Banking (ETF) KRE.

He wants to buy the September 52/49 put spread for $1.02. The trade breaks even at $50.98 or 1.68 percent below the current stock price. If the stock drops to $49 or lower, the trade is going to reach its maximal profit of $1.98. If the premium paid gets cut in half, Gordon is going to close the position.