Semis And Bios Return
face=”Arial, Helvetica”>Aurora Biosciences
(
ABSC |
Quote |
Chart |
News |
PowerRating), on
the
Momentum List, may present an opportunity for covered
calls. You can buy the stock for 70 11/16, and you can sell
the July 85 calls for 6 1/4. This represents approximately a
29% return (more than 270% annualized, based on 37 days
until expiration) should the stock be called away.
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The
biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, probed the
bottom of their recent trading range on Tuesday, but
reversed to close well. This suggests that their uptrend
from a major bottom remains intact. Look for buying
opportunities in calls and call spreads here.
Securities
brokers/dealers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) closed well on Tuesday, and
it looks like their trend from a major double bottom remains
intact. Look for a buying opportunity in calls and call
spreads here.
The
semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) look poised to rally out of a
cup-and-handle. Look for a buying opportunity in calls and
call spreads here.
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Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, began rallying out
of high-level consolidation on Tuesday. Continue to look for
buying opportunity in calls and call spreads here.
Best
of luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!