April 24, 2013

Citrix System (CTXS)

Bias: Bearish
Price Target: $60

We are bearish on CTXS and want to purchase a put vertical to take advantage of the possible move lower.


BUY To OPEN 2 May-18 CTXS 65 Puts trading at $1.80
SELL To OPEN 2 May-18 CTXS 62.5 Puts trading at $1.05


CTXS is now trading at $67.70
This spread is now trading at $0.75
The Total debit for this trade is $1.50


Do not pay over $0.85 per spread

Day order only


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