Short

AMGN Bell Curve?

Updated

AMGN has deviated outside the inner channel into extreme ends of what would be considered to be the sides of bell curve. Short but be cautious. 1st PT around 165 if break then 2nd PT around 144.

Trade closed: target reached

So around Oct if you were short AMGN or bought an Nov16 Option contract with a strike price of 160 or 155, you would had a potential gain; up too, of about 800-1,500%

At this point, hopefully those that were following this trade have closed their positions by now, and are contemplating long or premium collecting positions as an alternative.

TraderMD

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