Chitracapital: April 2013

Thursday, April 11, 2013

FaceBook (FB) - Target $38

FaceBook (FB) is undergoing Cup & Handle Text Book Pattern.

JAN 2014 target is $38 and above. FB Home is a direct stab at Google advertisements. It is too early to tell. We suggested FB $32 JAN CALLS on 04/01 for $1. These are selling for $2 today..
We expect to make $6- $8 on our investment by OCT 13

Wednesday, April 10, 2013

Infosys earnings 04/12/13 : expecting a 10% move by 04/20 expiry

We expect INFOSYS (INFY) to close at $47.5 or below by April options expiration, based on the options traded last 10 days. we saw institutions selling $55 April calls and buying $55 May calls.
There will be a trade idea tomorrow by 2PM CST.

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