HAS/Rustle - I wish they were cheaper. At $80, they are a bit tough to love and expectations are already baked in for 20% growth this year and next. They have been hitting those numbers but it's all about Q4 for a toy company.
Still, not likely they fall back below $65 and you can sell the 2018 $70 puts for $8.40 and leave it at that (net $61.60, which is more than 20% off the current price) or you can pick up the 2018 $65 ($19)/$80 ($11) bull call spread at $8 and net a 0.40 credit on the $15 spread.
Let's say you do 15 of those for a net $600 credit and you sell 5 (1/3) Jan $82.50 calls for $1.60 ($800). Do that 8 times over two years and that's a bonus $6,400 in addition to the $22,500 you get if called away at $80 in 2018 - not bad off an initial $600 credit! TOS says the net margin for 15 short 2018 $70 puts is $11,000 - very margin-efficient too!
