I would like to make a suggestion on a debit spread and the stock is Citrix Systems, Inc. (CTXS).
CTXS reported on the 23rd with an earnings beat, so we do have to be concerned with an earnings release.
CTXS is trading around $140 as I write this.
My suggestion is to trade the August monthly options that expire on August 21st.
This gives the stock about two weeks to make a move.
Here is how you open the position:
Buy to Open August 21st - $140.00 Call for $4.50
Sell to Open August 21st - $145.00 Call for $2.20
The net debit will be $2.30 per spread.
Based on the tracking portfolio, I suggest you limit the trade to a 5 lot or 1.1% of the portfolio.
The maximum gain on a five lot would be $1,080.