Trade Idea Mead Johnson Nutrition (MJN)

Call action is heating up in MJN looks like a something may be in the works. This could be a good play for monday. The october 60 calls are seeing action, as the open interest has already been traded..

Trade:

Buy the October 60 call
Sell the October 65 call to finance the purchase

This puts you in a bull call spread for a debit of around 81c.

Break even is 60.83 with max profit being at 65$ at or before October OPEX.

max risk is 81$ a contract.