Just thought I'd give another recommendation on CCU. This instead involves doing a credit butterfly, implying that CCU will move (and volatility will increase). The following trade can be done for a $2.19 credit: Selling the $32.50 June call Buying the $35.00 call Selling the $37.50 call Stock really only has to move out of a 80 cent range to be profitable (range is between $34.65 and $35.40). I have attached a graph that shows this. I did 40 of these today, and might be putting on some more tomorrow.