Market Overview

Todd Gordon's XLC Trade

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On CNBC's "Trading Nation," Todd Gordon said he has recently seen a rotation from the defensive sectors, like the real estate, staple and utilities, into the technology, consumer discretionary and communications sector.

See Also: Roger DaSilva Highlights Unusual Options Activity In Tesla

He thinks Communication Services Select Sector SPDR Fund (NYSE: XLC) is going to trade higher and he wants to use options to make a bullish bet. Gordon wants to buy the November $49 calls for $1.85. The trade breaks even at $50.85 or 1.09% above the current stock price.

Posted-In: CNBC Todd Gordon Trading NationSector ETFs Options Markets Media ETFs

 

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