is nearing strong support at $150 and has recently bounced strongly 3% of of that support yesterday. CRM
looks to have also created a steep bull run in the past year. Given the increase in momentum and no real concerns from analysts, CRM
has a good chance at touching the top of it's channel come January at the $180 area. The January calls at strike $160 are trading at just under $8, but will fall to the $6.50 area if CRM
retests $150. Given a potential $180 run by mid January, I'd give those calls a 1/3 risk/reward ratio if held until expiration, or an even better risk/reward of 0.5/3 if willing to cover in the even that $150 breaks. I'm waiting until CRM
either nears $152.5 or breaks above $157.5 to enter the aforementioned calls.