High On Drugs
face=”Arial, Helvetica”>Micron Technologies
PowerRating), on the href=”https://tradingmarkets.com.site/stocks/indicators/up/pull.cfm”>Pullbacks
From Highs List, may present an opportunity for covered
calls. You can buy the stock for 90 13/16, and you can sell
the August 105 calls for 4. This represents approximately a
20% return (more than 100% annualized, based on 50 days
until expiration) should the stock be called away.
much of the action could be attributed to Eli Lilly
you can’t ignore the fact that major drugs
broke to new highs on Thursday. Look for buying
opportunities in calls and call spreads here.
PowerRating) seemed to find support around the 30%
retracement level of its recent run-up from lows. Look for
buying opportunities in calls and call spreads here, but
wait for additional follow-through to the upside, or focus
on the strongest issues.
of luck with your trading on Friday!
Protective stops on every trade!