Jim Strugger's Infinera Trade

Jim Strugger of MKM Holdings spoke on Bloomberg Markets about a bullish options strategy in Infinera Corp. (NASDAQ: INFN).

The stock fell 37 percent from its highs after Ciena Corporation (NYSE: CIEN) guided lower in December. The company is going to report earnings on February 11 and Strugger expects that it is going to be better than expected. To make a bullish bet, he wants to buy the March 15/20 call spread for $1.40.

The trade breaks even at $16.40 or 9.26 percent higher from its closing price on Monday. If the stock jumps to $20 or higher, Strugger can maximally make $3.60.