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Todd Gordon's SPY Options Trade

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Todd Gordon of shared with the viewers of CNBC's "Trading Nation" his bullish options trade in SPDR S&P 500 ETF Trust (NYSE: SPY).

Gordon believes that SPDR S&P 500 ETF Trust is going to trade higher to $250 and he wants to use options to make a bullish bet. He wants to buy the August 243/248 call spread for $2.60.

The trade breaks even at $245.60 or 0.48 percent above the current stock price. It can maximally make a profit of $2.40. If the premium drops to $1.30, Gordon is going to close the position.

Posted-In: Todd Gordon Trading NationCNBC Broad U.S. Equity ETFs Options Markets Media ETFs


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