Call Spread on EPAM on 11/4/2015

EPAM Systems, Inc. (EPAM) provides software engineering solutions and technology services worldwide.

The company offers software product development services, including product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, and managed services, as well as porting and cross-platform migration.

It also provides custom application development services, such as business and technical requirements analysis, user experience design, solution architecture creation and validation, development, quality assurance and testing, legacy applications re-engineering/refactoring, porting, and cross-platform migration and documentation.

In addition, the company offers application testing services; testing for enterprise IT, such as test management, automation, functional and non-functional testing, and defect management; and consulting services.

Further, it provides enterprise application platform services comprising requirements analysis and platform selection, customization, cross-platform migration, implementation, integration, and support and maintenance. Additionally, the company offers application maintenance and support services, such as incident management, fault investigation diagnosis, work-around provision, bug fixes, release management, enhancements, and third-party maintenance; and infrastructure management services, including application, database, network, server, storage, and systems operations management, as well as incident notification and resolution.

It serves independent software vendors and technology companies in banking and financial services, business information and media, and travel and hospitality industries.

Shares have formed a bullish "cup an handle" and higher share prices are expected for this stock. The company reports today after the close. Estimates call for an EPS of 68 cents. We expect the company to beat and guide higher.

52-Weeks Trading Range: $42.78 - $81.95

Entry Point: $75.65

Trade Buy 1 November $75.00 Call at $3.10 Sell 1 November $80.00 Call at $1.20 For a net debit of $1.90 Profit/Loss Analysis Breakeven at $76.90 Maximum profit is $310.00 at strike of $80.00 Maximum loss is ($190.00) at strike of $75.00 Closing Summary Sold 1 November $75.00 Call at $2.20 Bought 1 November $80.00 Call at $0.05

Position closed on 11/20/2015 at price of $2.15 with a 13.16% gain in 15 days.

Updates

11/20/2015 11:21:43 AM

Closing EPAM Call Spread. This contract expires today.

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