U.S. Markets open in 5 hrs 24 mins

Trader sees a breakdown for the bond market, and that’s good news for the big banks

Annie Pei

TradingAnalysis.com founder Todd Gordon says the financials are finally catching up to the market rally, and a breakdown in bonds may just bring about an even bigger rise for the big banks. To play for a move higher in the financial sector, Gordon is looking to the XLF , the ETF that tracks financials. As a result, Gordon wants to buy the September monthly 28-strike calls and sell the September monthly 30-strike calls for a total of 84 cents, or $84 per options spread.