New Position - IPG

The IPG chart looks pretty good.  I have played this pattern successfully a few time in the last few days.  If the market continues to show strength, we should see some upward movement out of this pattern.  The stock broke out of a nice base a while back.  It has now been consolidating for some time and should make a move if a catalyst comes about (or the market makes a strong move up).   To minimize risk, I will be buying the Dec 11 calls (bid at 0.20 and ask at 0.35).  You should be able to pick some up around 0.30.  I am looking for at least a 200% gain on this position (which would definitely occur if the stock hits 12).  It is possible for the stock to make a run for 14 before running into major resistance.