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Todd Gordon's Guggenheim CurrencyShares Euro Trust Trade

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

Posted-In: CNBC Todd Gordon Trading NationOptions Markets Media

 

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