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.