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Todd Gordon's iShares Russell 2000 Index ETF Options Trade

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On CNBC's Trading Nation, Todd Gordon of TradingAnalysis.com spoke about an options trading idea in iShares Russell 2000 Index (ETF) (NYSE: IWM).

He believes the stock is going to trade lower to $129 and he wants to buy the May 132/129 put spread for $0.83. The break even for the trade is at $131.17 or 3.05 percent below the closing price on Monday. It can make a maximal profit of $2.17. If the premium drops to $0.42, Gordon is going to close the trade with a loss.

Posted-In: CNBC Todd Gordon Trading NationOptions Markets Media ETFs

 

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