Bear Call on VMW (Virtual Trade)

Reasoning:
1) Fundamentally the stock seems over valued.

2) Recent technical indicators show resistance at about 95.

3) Stock is declining from a recent high.

Expectation for a continuation of the bearish trend until support is reached. I do not expect the stock to trend above 100 in the next month.

Entry Point:

BTO Oct Long Call Strike 105

STO Oct Short Call Strike 100

NET Credit of  $0.95

Risk of $4.05

Exit Points:
Primary Exit (PE): Let options expire worthless.
Secondary Exit (SE):
Bullish: Close at a loss if stock trends above 97.

Late entry: Trade filled at 0.95 on Sept 19th 2011. 

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