Hewlett-Packard Company (HPQ) 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 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