$SPLK closed above support on the 9,21,55 EMA today in an ugly tape. It had 2 double bottoms today on the 10m and immediately got bought up. I like the chart on this name based off of its symmetrical moves. I feel the technicals line up for another leg higher. Seasonality, ( which is another factor i look at) is in our favor, The scanners i use show and 80% or greater probability of $SPLK being above $120 in July. On top of that the July 120c have an open interest of 2k. These are the calls i am in and suggest as the trade. The second largest open interest is the July 125c. Another way to play this name is to do a vertical spread using the July 120c/125c. I just entered the July 120c today and as the stop moves up will consider write the 125c at a later date to lock in some profits or potentially roll to the 125c depending on the size of the move