May 16, 2013


Allstate (ALL)

Bias: Bullish
Price Target: $52.5


We are bullish on ALL and want to purchase some calls to take advantage of the possible move higher.

We will exit this trade at the $52.5 level or when our calls are 40% in profit from initial entry, whichever comes first. On the downside will look to exit for a loss below $48.80

BUY To OPEN 2 Jul-20 ALL 50 Calls trading at $1.29

ALL is now trading at $50.24
These calls are trading at $1.29
The Total debit of this trade is $2.58

Do not Pay over $1.35 per call


Day order only

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