Todd Gordon's Old Dominion Freight Line Trade

On CNBC's "Trading Nation," Todd Gordon spoke about Old Dominion Freight Line Inc ODFL. The stock moved higher following Tuesday night's election and Gordon thinks there is more upside ahead.

Old Dominion Freight Line has been in a consolidation over the last two months and it looks like it's now ready to move above $210, thinks Gordon. He is a little hesitant to use options because Old Dominion Freight Line is not a high flying technology stock.

Those who want to use options should consider a purchase of the December $210/$220 call spread for $3.50, thinks Gordon. The trade breaks even at $213.50 or around 3.5% above the closing price on Thursday. It can make a maximal profit of $6.50, if the stock moves to $220 or higher.