#IEX - Is on a verge of a breakout. We can see it trying to cross the trend line as well as breaking out of a small rounding bottom.
The RSI is at 39 which indicates oversold zone. This bodes well for a bullish momentum. It can cross till it first resistance at 155.

One can go for a bull call spread.

But 1 lot 150 ce at 2.45
Sell 1 lot 160 ce at 0.7

The risk to rewards ratio is 1:4.71 which is very favorable.

Disclaimer: - The above views are shared for educational purposes only.