Todd Gordon's Teladoc Options Trade

Todd Gordon of TradingAnalysis.com suggested on CNBC's "Trading Nation" a bullish options trade in Teladoc Health Inc TDOC. He is not concerned about the recent correction and he is looking to add the stock to his portfolio.

For traders who want to use options, Gordon recommended a purchase of the January $200/$220 call spread for $5.35. The trade breaks even at $205.35 or around 10% above the current stock price. If the stock jumps to $220 or higher, the trade is going to reach its maximal profit of $14.65. Gordon would close the position if the premium gets cut in half.