CBS

Friday I opened a new position in my IRA. I bought some Jan 2015 $80 calls. I also got some July 62.50 calls. I saw some unusual call volume in the last week. Looks like some big news is coming. Also many hedge fund managers have recently added CBS in their portfolio. CBS reports earnings on August 7. Looking at past earnings it seems like it will beat.

Buy Area: 60.45

Target: 68.14 (Short Term) 80 (Long Term)