Gourmet Burgers

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: ┬átiny 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.

RRGB

EPS graph courtesy of Estimize (I added the Red lines)

– DM 11:10 PM CST