In honor of National Pasta Day, I went searching for a trade that is bullish on a restaurant that serves its share of Italian food. One Friday, I guess in anticipation of a surge in the consumption of food at Olive Garden, someone put on a bull call spread using options on Darden Restaurants (DRI). When the stock was trading at 62.62 someone came in a purchased the DRI Nov 18th 62.50 Calls for 1.53 and sold the DRI Nov 18th 65.00 Calls for 0.55 and a net cost of 0.98. A payoff at November expiration shows up below.
Note that the break even for this trade is at 63.48, a little higher than where DRI was trading when this trade was executed. If the stock is at 65.00 or higher on the close on November 18th then the net profit comes to 1.52.