Todd Gordon's Activision Blizzard Options Trade

Todd Gordon of Ascent Wealth Partners suggested on CNBC's "Trading Nation" a bullish options trade in Activision Blizzard, Inc. ATVI.

The company is going to report earnings on Tuesday and the stock is trading close to its resistance. Gordon believes it could break out on the upside and, to make a bullish bet, he wants to buy the September $82.5/$87.5 call spread for $1.90.

The trade breaks even at $84.40 or around 2.3% above the current stock price. If the stock jumps to $87.50 or higher, the trade is going to reach its maximal profit potential of $3.10.