Trading Ideas: DineEquity

We’ve been suggesting a short, more especially selling calls on Monday..

We don’t quite know what possessed us to suggest May and June calls, but for the latter, if you want to sleep better the coming six weeks, closing might now be quite profitable (about 40%, for the June 35 calls)

If you were smart enough to sell May calls (May 35, for instance), you will be quite pleased. We suggest you let them run (alternatively, you could trade them, they might bounce a little tomorrow). Sold for $1.60 or thereabouts, these can now be bought back for just 40cents..