LB/Albo - Earnings are the 16th, you might want to wait. We bought back the short caller so we have 10 2019 short $55 puts @ $11.75 and 20 long 2019 $45 calls @ $8 so net about $2 per long less whatever we made on the short calls so our target is $47+ but we don't make our full $20,000+ unless /LB is over $55 (because of the short puts, which we'll roll).
So, bottom line is I still like the trade we have but, if you want to be more conservative, I'd sell 5 2019 $40 puts ($6 = $3,000) and buy 10 $40 ($9.40)/$50 ($4.80) bull call spreads @ $4.60 ($4,600) for net $1,600 on 10 ($1.60/long contract) and then at $50 you get $10,000 for an $8,400 (525%) profit.
Worst case is you own 500 shares of LB for net $41.60 - still a 10% discount to the current price for a company making $3/share (p/e 15). In fact, that's good enough to put in the OOP because who doesn't like to make 525% in 18 months?