April 17, 2013

Verizon (VZ)

Bias: Bullish
Price Target: $52

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


SELL To OPEN 2 VZ Apr-20 49.5 Calls trading at $0.69
BUY To OPEN 6 VZ Apr-20 50 Calls trading at $0.44


VZ is now trading at $49.73
This spread is now trading at $0.62
The Total Debit of this trade is $1.24


Day Order Only


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