There are two options under the More Actions drop-down menu:
Export Trace Viewer Overview: A tab-separated plain text file is created with all of the overview columns that appear on the Trace Viewer screen. To view the file, use a text editor such as Wordpad or a spreadsheet application such as Excel.
Export Trace Viewer Details: A plain text file is created with the details of the Trace Viewer records.
When you select one of the export options, you can:
Open the Trace Viewer list with an editor
Save the Trace Viewer list to a file
Perform the open or save function automatically for files from now on