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Todd Gordon's Netflix Trade

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Todd Gordon of suggested on CNBC's "Trading Nation" a bullish options strategy in Netflix, Inc. (NASDAQ: NFLX). He thinks that the stock is going higher and he wants to sell a put spread to get a long exposure.

See Also: Netflix Is Raising Prices Again: What You Need To Know

Gordon wants to sell the October 190 put and buy the October 185 put for a total credit of $2.15, which is his maximal profit. If the stock trades above $190 at the October 20 expiration, Gordon is going to collect the premium. The trade starts to lose money at $187.85 and it can maximally lose $2.85.

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