Tuesday, April 28, 2015

IBB down but not out

I'm thinking the sell off is all most over in bio tech, maybe two mores. BIIB is going down fast and I think is a buy now, but like always it could go lower. I sold 2 IBB Jun 19 $355 Calls at $12.00 and was in at $10.95. My bet on BIIB is looking very bad, lucky it's only one Call. IBB closed at $344.50 with a ranged of $338.66 to $354.52. Good luck in this rigged casino.

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