$VRTX Vertex Short Idea (Bearish head and shoulders)

By AlphaJi
Updated
Buy put spreads for April on this name. I think 180/165 put debit 4/19 would do well. XBI is under a lot of pressure, this company has nothing fresh right now, massive head and shoulders.

Get it back in that safe channel
Comment
safer option is 200/whatever you want for your short leg
Comment
update this is holding strong.... for now.... will hold my small position
BIOChart Patternshead_and_shoulderTrend AnalysisuglyVERTEXVRTXXBI

Disclaimer