April 17, 2013
Morgan Stanley (MS)


Bias: Bullish
Price Target: $23

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


BUY To OPEN 10 MS May-18 22 Calls trading at $0.60
SELL To OPEN 10 MS May-18 24 Calls trading at $0.12

MS is now trading at $21.54
This spread is now trading at $0.48
The Total Debit for this trade is $480


Day Order Only

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