$0.21 On PCLN we would sell the May 720 Calls and buy the June 720 Calls for a net cost of $12.00 Would look to spend $50,000 in premium per name Next Earnings Date Implied 1 day move on earnings 1st Month ATM Implied Vol 2nd Month ATM Implied Vol 1st/2nd ATM Vol spread Average historical Implied Vol 1

CLN we would sell the May 720 Calls and buy the June 720 Calls for a =et cost of $12.00 Would look to spend $50,000 in premium per name=/p> &=bsp; Next Earnings Date =td width="67" style="width:50.55pt;border:solid windowtext 1.0pt;b=rder-left:none;background:ftFFFFCC;padding:0in 5.4pt 0in 5.4pt;min-heig=t: