Biotechs Still Vulnerable?
PowerRating), on the Pullbacks
Off Lows List,Â may provide an opportunity for covered puts. You can
short the stock at 26 3/8 and sell the Feburary 25 puts for 3 1/2.Â
This represents approximately an 18% return (more than 200% annualized, based on
31 days until expiration) should the stock be put to you.
PowerRating), mentioned recently, still remain
in a vulnerable position. Look for buying
opportunities in puts and put spreads on any resumption of weakness.
luck with your trading on Wednesday!
Protective stops on every trade!