Todd Gordon's Guggenheim CurrencyShares Euro Trust Trade

Todd Gordon suggested on CNBC's Trading Nation that traders should consider an options trading strategy in Guggenheim CurrencyShares Euro Trust FXE.

He thinks that Guggenheim CurrencyShares Euro Trust is going to continue to trade lower and since the implied volatility in the name is elevated, he wants to sell a call spread to make a bearish bet.

Specifically, Gordon wants to sell the January 102/104 call spread for a credit of $0.99. The trade is going to lose money if the stock trades above $102.99 at the January expiration and he can maximally lose $1.01. Gordon wants to close the position if the value of the call spread drops to $0.50.