Trader takes HUGE Bullish Bet in HPQ

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises. A trader took a HUGE bullish stance today when a trader bought over 10,000 HPQ march 30.5 Calls for $.24. This trader has the right, but not obligation to buy 1.0 Million shares of HPQ at 330.50 between now and the end of the week. Calls are bought for one of two reasons, Speculation to the Upside or a hedge against a short stock position. I think this trader expects to see more upside, so I bought the HPQ march 30.50 Calls for $.24

My Risk: $24 per 1 lot
My Reward; Unlimited

Targets: Sell 33% at $.40, Sell 33% at $.50, Sell 33% at $.65

Andrew Keene

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