April 22, 2013

ARM Holdings (ARMH)


Bias: Bullish
Price Target: $43-45


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


SELL To OPEN 3 May-18 ARMH 40 Calls trading at $1.70
BUY To OPEN 6 May-18 ARMH 41 Calls trading at $1.25


ARMH is now trading at $39.96
This spread is now trading at $0.75
The Total Debit of this trade is $2.25


Do not pay over $0.85 per spread

Day Order Only

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