Todd Gordon's Citigroup Options Trade

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On CNBC's Trading Nation, Todd Gordon suggested that investors should consider a bullish options strategy in Citigroup Inc C.

He explained that the stock is currently trading at its resistance and he believes that it's going to break through the resistance. To set up a along position, he wants to buy the January 60/65 call spread in Citigroup Inc for $1.72. The trade breaks even at $61.72 and it can maximally make a profit of $3.28. If the premium drops to $0.86, Gordon is going to activate a stop loss and close the position.

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Posted In: CNBCOptionsMarketsMediaTodd GordonTrading Nation
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