S2 Option Trader

[SyndicateTwo]

TRADE ALERT

SELL ALL GENZ JULY $55 CALLS ASAP. Because I think most won't get this until tonight, I'm going to place the trade for the $10k account on Monday morning at open. Hopefully we get the $2.25 or better bid price.

Why? I've been following AMGN closely and it's basically the same as GENZ to a degree. AMGN broke out and is now pulling back. I think GENZ pulls back with it in a bull flag setup going into their July earnings. With June options expiring today, I think they post the Aug options next week which will allow us to capture a better position possibly for a bigger move to the $60s on it.

Take the small profit we'll get and we'll wait.

S2