April 23, 2013


Panera Bread (PNRA)

Bias: Bullish
Price Target: $195


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


BUY To OPEN 2 May-18 190 Calls trading at $3.70
SELL To OPEN 2 May-18 195 Calls trading at $2.35


PNRA is now trading at $182.32
This spread is now trading at $1.35
The Total Debit for this trade is $2.70


Do not pay over $1.50

Day trade order

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