David Bartosiak's SPDR Gold Trust ETF Trade

Speaking on Bloomberg Markets, David Bartosiak, a momentum stock strategist at Zacks.com, suggested an aggressive bearish options strategy in SPDR Gold Trust (ETF) GLD. The stock dropped 3.47 percent on Tuesday, on heavy volume and Bartosiak thinks it might continue to move lower.

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He wants to use options to initiate a short position. Specifically, he wants to buy the December 123/115 put spread for $2.40. With the trade, he can maximally lose the paid premium and he starts to make money if the stock drops below $120.60. If SPDR Gold Trust (ETF) drops to $115 at the December expiration, he would make a maximal profit of $5.60.