New Trade : GRPN

Stock / Symbol: Groupon / GRPN
Price at trade post: $22.52
Option Strategy: [private_monthly]bear call spread[/private_monthly]

Reasoning: [private_monthly]We are taking advantage of today's 2.8% move in the S&P 500 to place a bearish bet on GRPN, a stock that fundamentally is worth only about $3 a share and can easily re-test its recent lows of $14.85. This bearish trade allows us to profit as long as GRPN stays under 24 by this Friday.  This trade has a 80% probability of success and allows GRPN to rise another 6.5% this week and still be profitable. Be sure to adhere to our upside stop to minimize potential losses.

Max Risk: $900
Max Reward: $100 or 11% by Dec 23
Profit Range: $0 - 24
Upside Stop @: $23.50

Trade Details:[private_monthly]

STO -10 GRPN DecWk4 24 calls
BTO 10 GRPN DecWk4 25 calls
for a net credit of $0.10 per contract (day order, limit order)

Cost/Proceeds ($100.00)
Option Requirement $1,000.00
Total Requirements $900.00
Estimated Commission $25

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