Options GOODIES

[Murphey]

FOSL Earnings Trade Idea


Selling the Nov call credit spread, 155/160 gives a .32 cent
credit here.

Idea:
Sell 155 call = .75
Buy 150 call = .40
These are at the ask numbers.
Risk 500 to make 32 bucks - 1.50 per contract fee,
so roughly 25 bucks a contract when planning on closing
at a nickel or less with no fee. It isn't quite 2 SD out.
IV is only 77%. Just gonna track this and see what it does.
The odds are high it's a winner.

155.32 is the break even number.

Cheers