Hamzei_Analytics · @HFT_StockOption
24th Apr 2013 from TwitLonger
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