The stock has been stuck in a really, really tight range for a few months now. It has earnings up on deck in just a few short weeks.
The setup here is to get long straddles into the earnings event, and profit from a move in the stock and a rise in the implied volatility of the long straddle position.
You can’t use Jul monthlies for this as they don’t contain the earnings risk. Instead, look to the Jul4 37 straddle for around 2.10 as a good bet.
It doesn’t necessarily have to be 37… whatever is at the money at the time.