June 12, 2015 | 1:05 PM by Fahad Khalid | fkhalid@jaguaranalytics.com

Looking at Synaptics (SYNA)

Chart in powerful uptrend, pulling back some 4% from 52 week high and looking to bounce off the 20-day SMA and double bottom with Tuesday’s low at $95.65. Buyer of 440 Jan’16 115 Calls today for up to $5.10. That is a $225,000 bullish bet using some 18% out of money calls with plenty of time to expiration. At projected $7.10 FY2016 EPS consensus view, expected to grow 22% YoY, its not expensive at 13.8x forward PE.

SYNA Chart




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