IRBT/Albo - There's another great stock that's still cheap - our Stock of the Century, IRBT:
As a new entry (we have a spread in the LTP), you can sell the 2017 $28 puts for $4.75 and buy the 2017 $28/35 bull call spread for $4 and that's a net 0.75 credit on the $7 spread that's $4.50 in the money to start.
Worst case to the downside is owning IRBT at net $28.75, which is a 12% discount to the current price and best case is a $7.75 gain (+1,033% on cash) if IRBT is over $35 in Jan 2017.
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