June 10, 2013

Charles Schwab Corp (SCHW)

Bias: Bullish
Price Target: $24-25

We are bullish on retail brokers (as mom and pop traders start coming back into the stock market). We want to create a backspread in SCHW to take advantage of a move higher.

BUY To Open 3 July-18 SCHW 21 Calls trading at $0.40
SELL To Open 1 Jun-18 SCHW 20 Calls trading at $0.55

SCHW is trading at $20.30
This spread is trading at $0.75
Total Cost of the trade is $0.75

DO NOT PAY OVER 0.90 cents

Day order only






All the best;


Fari Hamzei
Founder
Hamzei Analytics, LLC





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