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) (NYSE: 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.