Angie’s List, Inc. (ANGI) is an internet services company operating a reviews website for local professionals for needs such as home and healthcare services. The company’s stock is currently trading around $17.20 in a 52 week range of $11.88-$28.32. The stock has performed relatively well over the past 12 months with shares rallying over 31% during that time. Options action in today’s trading session would indicate that traders believe this trend will continue. Early in the session a trader bought 4,630 ANGI Feb 20-22.5 call spreads for $0.40. This is a bullish trade that represents volume nearly 3 times the average daily option volume in ANGI. The stock is also trading above the Ichimoku Cloud indicating it is in bullish territory. We believe that this order flow is strong enough to justify a long in ANGI.

My trade: Buying the ANGI Feb 20 Calls for $0.60
Risk: $60 per 1 lot
Reward: Unlimited
Breakeven: $20.60

Andrew Keene
http://keeneonthemarket.com

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