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Todd Gordon's SPDR KBW Regional Banking ETF Trade

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Todd Gordon of suggested on CNBC's "Trading Nation" a bearish options trade in SPDR KBW Regional Banking (ETF) (NYSE: KRE).

He wants to buy the September 52/49 put spread for $1.02. The trade breaks even at $50.98 or 1.68 percent below the current stock price. If the stock drops to $49 or lower, the trade is going to reach its maximal profit of $1.98. If the premium paid gets cut in half, Gordon is going to close the position.

Posted-In: CNBC Todd Gordon Trading NationSpecialty ETFs Options Markets Media ETFs


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