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 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.