Buy the Sep62.50 call for $5.40
sell the Sep 70 call for $2.60
total debit $280 for a one lot, max profit if stock above 70 at Sep opex is $470.
To go way out to Sep and risk $280 to make $470 doesnt make me jump up and down.. whats that..2 earnings dates in there..alot can happen.
This is a rare time where i will recommend spending more than recommend..only if i had a long term bullish thesis.. i would look at a diagonal spread.
Buy the jan2013 50call for about $1450
Sell the may2012 65 call for about $150
total debit of $1300
if stock is at 65 on may opex, using the Trademonster analyse tab, this diagonal spread would be up $400+ . then sell an upside call for June, then July, Aug, etc... using that front month premium to lower your average cost of the long call.
Again my alternative is only if you are long term bullish. i dont like scotts trade of waiting 5months to get a 2-1 return.
