Jim Strugger's Guess Options Trade

Speaking on Bloomberg Markets, Jim Strugger suggested an options strategy in Guess?, Inc. GES ahead of the earnings results next week.

He wants to buy a 1x0.5 ratio strangle. Specifically, he wants to buy the September 26 call for 80 cents and the September 21 put in a ration 1 to 0.5. The ratio strangle would cost him 95 cents and he needs the stock to trade above $26.95 or below $20.05 to make money with the trade.