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CMG reports on October 20. I know it is VERY early but I bought a 4-week calendar P660 (long Nov 22, short Oct 24) @ $2.75 and $2.80 today. The price is just too cheap. For example, in April, when the stock was 15% lower ($570), we paid $3.90-$4.00 for the same 4 week put spread. This translates to $4.50-$4.60 for the spread. Clearly, the risk of a large move in CMG exists, but buying the spread on such a discount makes a good risk-return trade off in my opinion. Time will tell...