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Todd Gordon's Etsy Options Trade

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On CNBC's "Trading Nation," Todd Gordon of TradingAnalysis.com spoke about Etsy Inc (NASDAQ: ETSY). He said the stock is consolidating at the moment and he expects to see a break out on the upside.

See Also: Wedbush's Confidence In Etsy Increases After Meeting With CFO

To make a bullish bet, Gordon wants to buy the July 70/75 call spread for $1.48. The trade breaks even at $71.48 or 6.4% above the closing price on Tuesday. If the value of the call spread drops to 75 cents, Gordon is going to activate the stop loss and close the trade.

Posted-In: CNBC Todd Gordon Trading NationOptions Markets Media

 

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