April 17, 2013

Ebay (EBAY)

Bias: Bullish
Price Target: $60

We are bullish on EBAY and we want to purchase a call backspread to take advantage of the possible move higher.

SELL To OPEN 2 Apr-20 EBAY 55 Calls trading at $1.80
BUY To OPEN 8 Apr-20 EBAY 57.5 Calls trading at $0.60

EBAY is now trading at $56.01
This spread is now trading at $0.55
The Total Debit for this trade is $1.10

Day Order Only

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