Alon Rosin's Bullish DISH Network Trade

Speaking on Bloomberg Markets, Alon Rosin of Oppenheimer & Co. suggested a bullish options strategy in DISH Network Corp (NASDAQ: DISH).

He thinks that the bottom is close for the stock and he wants to sell the March 45 put and buy the March 55 call for a total cost of $1. The trade is going to make money if the stock closes above $56 or 11.29 percent higher at the March expiration. If it closes below $45, Rosin is going to have to buy DISH Network for $45.

Rosin believes that the stock is going to trade higher to the mid $60s.