Buffalo Wild Wings (Nasdaq: BWLD) was one of the top performers in 2013, with shares rising over 101% over the course of the year.  Trading in a 52-week range of $74.47-$152.53, the stock hit an all time high in early January.  BWLD is scheduled to report earnings for Q4 Tuesday after the close.  Analysts are estimating EPS of $1.07 on almost $347 of total revenue. 

Historically, BWLD is a big earnings mover, with an average move 9.1% percent over the last quarters.  The stock has moved higher two of the past four quarters, and four of the past eight.  The stocked opened Tuesday higher before pulling back.

My Trade:

Buy the Feb BWLD 135-125 Put Spread for around $3.00
Risk: $300 per 1 Lot
Reward: Up to $700 per 1 Lot

I like this trade because it offers a favorable risk-reward set-up (paying 2:1 on money).