I do not expect a very sharp move before ER. To be in a safe side I prefer to write expensive puts at strike price of 16.5 USD or 16 USD for after ER and I would like to bet on the long side. $VRX $VRX.CA
The stock created a flag pattern after a pull back on June 15. The company adopts a restructuring profile with high debt. Do the trade and leave, at least for now.
I'm a buyer of call options in the gray ($9 - $7 per share)
I'm fading the Ackman dumpage here with a small position bet that price will stay clear of $10 through April 21st expiry ... . Bought 100 Shares Sold April 21st 10 Call Whole Package: 9.38 Max Profit: $62 per 100 shares/contract Max Loss/BP Effect: $938 per 100 shares/contract
Ugh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... . One option is to sell puts in one of these "just high IV" underlyings: VRX: April 21st 11 goes for .56 AKS: April 21st 7 goes for .31 AMD: April 21st 13 goes for .66 WLL: April 21st 8 goes for .28 CLF April 21st 8 goes for .34 X:...
Interested to see if we get a bounce off 13 support or roll over and collapse seekingalpha.com
VRX is dirt cheap. If you look at balance sheets, we are talking about a 50-60 $ stocks I'am in half position
I am buying a basic price action trade to cover the move from 15 to 17.60 i give it 2 and a half weeks .. so exp. week 1 feb17
VRX has had a multi month pullback and ridding this trend line down. We have had a recent trend break and buyers seem to be near 14.10 area. Closed strong with volume and bullish engulfing pattern.
After having gone through my usual routine of screening for high implied volatility rank/high implied volatility underlyings for plays this coming week, one thing stands out: the implied volatility is in petro, with stocks like CHK, SDRL, WFT, PBR and the like rounding out my top 10 IV list.* With OPEC talks approaching here, and "friskiness" in petro-based...
Okay, so there's other "big pharma" that I like wayyy better than Valeant (e.g., BMY, GILD). The problem is that BMY and GILD are more expensive and don't have the implied volatility that VRX has (for obvious reasons: they don't have as many "warts" as VRX). Nevertheless, I'm watching VRX here because its implied volatility is so high (>100%), which makes...
Let's start with the metrics for this setup: Buy shares at 24.54 Sell Nov 18th 22.5 short call Whole Package/BE/Cost Basis: 20.40 db per 100 shares/contract (20.40 is also your cost basis and break even) Max Profit: $210 per 100 shares/contract (if called away at 22.50) ROC: 10.3% Now, ordinarily, I like to do "OTM" (i.e., out-of-the money) covered calls where...
NYSE:VRX Safe Trades;
Here, I'm looking to sell some premium at or around the 30 delta strike (this one's at the 25 delta). Probability of Profit: 70% Max Profit: $132/contract Break Even: 23.68 Notes: The notion here is either to keep the premium received if price stays above $25 into expiration or roll the option down and out for additional credit if it doesn't. I'm not sure at...
Hillary Clintons latest against Myland should continue to drop the bio sector. Expecting early Monday dip, then rebound. Safe entry $24.50, risky appetite at $22.75. Price target $32.
An interesting pattern. After a nice $5 pop (JUMP START as per ProfitFromPrices, it has absorbed new selling and profit taking. I think this is a great trading opportunity with a $2 risk!