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       How to play Ralph Lauren earning

 Ralph Lauren announcing it's earning for the second quarter in August 10th . Our recommendations
How to play it's earning is based on using non directional style options strategy it's called straddle calls and puts. Today Ralph Lauren closed at 95.07 a share , the way to play the straddle wit high probelity is buy on the money call and put and sell out of the money call and put. This strategy contains four legs  Buy 95 call August /12 for 360$ and sell 101 call August 12 for 100$  . The cost of that spread is 260$. Then Buy 95 put august12 for 340$ and Sell 89 put august12 for 95$ . The cost of that spread is 245$ . If the stock price goes up or down 6$ after the announcement the profit of that trade will be 360-245 =115 . That's almost 50% profit in one trade. Happy trading.
         http://www.greenretaildecisions.com/upload/GRD_images_2010/Ralph_Lauren/Ralph_Lauren_logo.jpg

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