Five Below (FIVE) spreader active in September 85 and 90 calls into quarter results
Five Below (NASDAQ: FIVE) September call option implied volatility is at 71, October is at 60; compared to its 52-week range of 25 to 97 into the expected release of quarter results after the bell on August 28. Call put ratio 16.5 calls to 1 put with focus on September 85 and 90 calls.
