I have an Earnings trade for $RRGB (reports BMO 8/11) and here are the details:
- Long the August 90/95/100 1×2 Split Call Ratio
- Short the August $75 Puts
- Cost: tiny credit
- Takes margin
My Risk starts at $100 on the topside and $75 below. Quite a range to work with. This trade has a sweet spot of $95 at expiry.
– DM 11:10 PM CST