*****UPDATE***** 7/15/2012

LOOK FOR ANOTHER POP ON MONDAY MORNING OR LATER THIS WEEK. BE READY AND SET, OR HAVE ALREADY SET A GTC ORDER TO SELL THE JUL21 70 CALLS @.75CREDIT OR WHATEVER PRICE YOU ORIGINALLY PAID FOR THE 65 CALLS. (EQUAL NUMBER OF CONTRACTS BETWEEN THE TWO POSITIONS)

THIS WILL, IF EXECUTED, ELIMINATE ALL RISK AND MORPH THIS TRADE INTO A FREE DEBIT CALL SPREAD EARNINGS PLAY.

AT .75 DEBIT AND THEN .75 CREDIT, THE MAX GAINS WOULD THEN BE 70 (SHORT CALLS) – 65 (LONG CALLS) = 5 (SPREAD DIFFERENCE)  – .75 (DEBIT PAID) +.75 (CREDIT REC’VD) = 5.00 (POSSIBLE PROFIT), OR NOW 0.00 (DEBIT) TURNED INTO 5 (MAX SPREAD VALUE), IF AFTER EARNINGS SHE SCREAMS HIGHER TO 70 OR ABOVE.

Action Amount Option Description Price Duration Qualifiers
Sell to Open 20 Contracts CYT Call CYT Jul 21 2012 70.00 Call Limit 0.75 GTC None
Est. Trade Value: $1,500.00
Est. Commission: $11.95
Estimated Fee: $0.59
Net Cash Result: $1,487.46
Quote CYT   61.14   2.32 Bid 60.69 Ask 61.35 Volume 2,144,378
CYT JUL 21 2012 70.00 CALL
Bid 0.00
Ask 0.45
Last 0.20
Change N/A [N/A]
Volume 1
Delta 0.01
Open Int 0
Desc CYT Jul 21 2012 70.00 Call

***********************************************************************************************************************************************************************************************************************************

$CYT HAD A POSITIVE PRE-ANNOUNCE THIS MORNING FROM 1.01 TO 1.55 AND REPORTS EARNINGS 7/19

MY PRICE TARGET IS UP TO $70 PER SHARE LEADING UP TO EARNINGS

THIS IS A REASONABLE EARNINGS PLAY AND USE NO MORE THAN 10% ACCOUNT AT RISK

TRADE HAS EXECUTED @.75 LIMIT

Order Details

Action Amount Option Description Price Duration Qualifiers
Buy to Open 20 Contracts CYT Call CYT Jul 21 2012 65.00 Call Limit 0.75 Day None
Est. Trade Value: $1,500.00
Est. Commission: $11.95
Estimated Fee: $0.51
Funds required for this trade: $1,512.46
Quote CYT   63.10   4.28 Bid 63.06 Ask 63.17 Volume 1,005,800
CYT JUL 21 2012 65.00 CALL
Bid 0.80
Ask 1.25
Last 0.95
Change 0.25 [35.71%]
Volume 48
Delta 0.35
Open Int 320
Desc CYT Jul 21 2012 65.00 Call
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