I identified ANET as a good long term stock to purchase, still looks good as of this writing. On 5/5 with ANET at $138.66 I purchased a long term debit spread on this stock. I was not sure how long it would take to get the profit I wanted but I was willing to wait for it.

When I placed the position I went ahead and placed a GTC close order at my desired target and waited. In retrospect I should have held this one a little longer. I also would have made a lot more money if I had just purchased a Call but that would have cost me $1,800.00 instead of $1,050.00. Using a spread reduces your risk but also caps your profit.

As it was I ended up with a profit of $475.00 on a risk of $1,050.00 or 43.16%

Date	Sym		Exp	Strike	Price	C	Type	Cost	Balance
05/05/17	ANET	BTO	‘JAN18	$135.00	-$18.00	1	C	-$1,800.00	-$1,800.00
05/05/17	ANET	STO	JAN18	$160.00	$7.50	1	C	$750.00	-$1,050.00
06/09/17	ANET	STC	JAN18	$135.00	$30.38	1	C	$3,038.00	$1,988.00
06/09/17	ANET	BTC	JAN18	$160.00	-$15.13	1	C	-$1,513.00	$475.00
								Profit:	$475.00