Industrial stocks are powering up this month.
The XLI industrials ETF, which holds Boeing, Honeywell and Union Pacific, has added more than 2% in the past week. That gain is more than double the advance on the broader S&P 500.
He says one name could be the best bet to ride the wave.
"I like the chart setup in John Deere with the agricultural play and with obviously a Chinese deal getting closer and closer is the word around the street," said Gordon. "We have also a pending breakout here above the $180 level in John Deere. We're trading $179.23 is the old high back in early 2018. It looks like resistance has been broken."
Deere needs to rally another 2% to break above $180. It would mark a new record high.
To take advantage of a move higher, Gordon is buying the $180 call and selling the $185 call for $2.30 or $230 per options spread.