Jim Strugger's Ross Stores, Inc. Trade

Jim Strugger of MKM Holdings shared with the viewers of

his options strategy for

ahead of earnings. He likes

, because its business is relatively simple and it is domestically oriented. To make a bullish bet, Strugger wants to buy the May 57.50/62.50 call spread for $1.50. The trade breaks even at $59 or 6.44 percent higher from the current stock price. If the stock jumps to $62.50 or higher at the May expiration, Strugger is going to make $3.50, which is the maximal profit for the trade.