• Sell May 18th 40 calls and buy May 18th 32 puts
• Net Debit: $ 0
• Upside Breakeven: $40.00
• Downside Breakeven: $32.00

Today's update:

• The stock is trading down 12% possibly as it relates to negative Facebook story.
• May volatility is up 14.2%
• Risk Reversal is currently trading for nearly  $2.75
• We recommend selling the May 18^th 29 puts for a $2 credit
• New Net Upside Breakeven: $42
• New Max Profit: $5
• Insures a minimum $2 profit between $32 and $40