Brian Stutland's Oracle Corporation (ORCL) Trade

On CNBC's Options Action, Brian Stutland suggested that investors should consider an options strategy in Oracle Corporation ORCL ahead of earnings. Oracle (ORCL) is going to report earnings tomorrow, and Brian Stutland wants to sell the August 30 put for $0.63, and buy the August 34 call for $0.65. This trade would cost him only $0.02, and he has all the upside above $34.02. Below $30, he would have to buy this stock. Oracle Corporation (ORCL) fell 1.38% today, and it closed at $32.20.