Todd Gordon's iShares Russell 2000 Index ETF Options Trade

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