Follow this trade tomorrow...
Playing options one must be fleet footed...90% of the people loose....so, please do not get greedy here or anywhere with options
if it does that is a quick $450K profit
If the stock falls below $32 after earnings it's a wash...it is far better for this to RUN before earnings then cash out this option trade before the earnings release
$4/($3.60 - $160) = 100% if the stock closes above $34
someone bought $30 then sold the $34?