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Todd Gordon's iShares Russell 2000 Index ETF Trade

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On CNBC's Trading Nation, Todd Gordon spoke about a bullish options strategy in iShares Russell 2000 Index (ETF) (NYSE: IWM).

He explained that since 1990, the market traded higher in December in 75 percent of the time. The current uptrend makes him even more confident that the market could trade higher into the year end.

To make a bullish bet in iShares Russell 2000 Index (ETF), Gordon wants to buy the January 135/140 call spread for $1.40. The trade can maximally make a profit of $3.60 and it breaks even at $136.40.

If the premium paid goes down to $0.70, Gordon is going to close the trade.

Posted-In: CNBC Todd Gordon Trading NationOptions Markets Media

 

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