ZAYO: $0.5m Call Spread Into June

One options trader believes that ZAYO has at least 25% upside going into summer 2017. The player placed a large $0.5m call spread buying 5719 June 35 calls and selling the same number of June 40 calls on Friday, March 4 at 09:26am.



The trade will reach maximum profitability if the stock price of ZAYO will land above $40 by expiration of the calls in June 2017. The trader would bank almost 500% if this happens.

The stock price shows also a bullish standing breaking from the large triangle formation.



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