May 16, 2013


Vodafone (VOD)


Bias: Bullish
Price Target: $32

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


SELL To OPEN 4 Jun-22 30 Calls trading at $0.90
BUY To OPEN 16 Jun-22 31 Calls trading at $0.45

VOD is now trading at $30.24
This spread is now trading at $0.90
The Total Cost of this trade is $3.60


Do not pay over $1 per spread.

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