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Kevin Kelly of Recon Capital Partners suggested on
Bloomberg Markets that traders should consider a bullish options strategy in
Facebook IncFB.
Kelly wants to buy the April 8, 110 strike call and sell the April 8, 117 strike call. The call spread would cost him $2.50 and if the stock trades to $117 or higher at the April expiration, he can maximally earn $4.50. The breakeven for the trade is at $112.50.
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