The stock has had quite a run already, so Khouw doesn't want to buy shares. Instead, he wants to buy the November $145/$165 call spread for $7.15. The trade breaks even at $152.15 or 1.82% above the closing price on Friday and the premium paid is only 4.78% of the stock price. If the stock moves to $165 or higher at the November expiration, the trade is going to reach its maximal profit of $12.85.