On CNBC's "Trading Nation", Todd Gordon recommended a bearish trading idea in iShares Barclays 20+ Yr Treas.Bond (ETF) (NASDAQ:TLT).
He wants to sell the July 127/130 calls spread in the ETF for a credit of 88 cents. If the stock closes below $127 at the July expiration, Gordon is going to collect the premium.
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The trade is going to lose money if iShares Barclays 20+ Yr Treas.Bond (ETF) closes above $127.88 at the July expiration. If it closes at $130 or higher the trade is going to reach its maximal loss of $2.12.
Gordon added that he wants to use a stop loss for the trade. If the stock jumps to $128.22, he is going to close the position