Stock Symbol: [private_monthly]JDSU[/private_monthly]
Price at time of Trade: $10.53
Target Price: $13
Strategy: Call Spread
Reasoning:Expect that stock has bottomed here and see it heading back up to 13 within the next 30 to 60 days. By simultaneously purchasing in the money call options and selling out of the money call options with a strike at our target price, we're just risking $1.11 per share to make $1.89 per share.
Trade Details:
BTO 5 Dec 10 call options for approximately $1.58
STO 5 Dec 13 call options for approximately $0.48
Net Debit = Approximately $55o (1.10 per share)
Chart:[private_monthly]
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