Todd Gordon's Oil ETF Trade

On CNBC's Trading Nation, Todd Gordon spoke about bullish options trading idea in United States Oil Fund LP (ETF) USO.

He explained that United States Oil Fund LP (ETF) is trading at its support and he believes it could bounce off the support to test $12. To make a bullish bet, Gordon wants to buy the May 10 calls for $0.64. The trade breaks even at $10.64 or 3.60 percent above the closing price on Monday. Gordon would close the trade if the stock drops below $9.60.