![Options Oracle: 12/07/12 too-120712](https://themarketguys.com/wp-content/uploads/2012/12/too-120712-120x100.png)
On November 29th, I sent out an alert to buy the January 2014 35 Calls because there was a bullish engulfing pattern showing up on the charts. At the time, the stock was trading $38.20 and I set a target price at the gap up around the $40 level. Now that the stock has moved higher I think it’s time to turn this long leap position into a diagonal calendar spread.