Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

IDPH (poof!), LGND --> MLNM might both end up at $7. Don't expect MLNM to end up much better on or near July 16. Anything MLNM does in the next few sessions might be last time we ever see it in double digits. Its amazing how TARO with an EPS rank of 99 is still showing no signs of accumulation, so the drugs and biotechs have a ways to go yet before their tumble is over. IDPH 30 puts will be in the money AGAIN soon enough, first the 35's for July and the 30 for August which luckily I left over, even expecting this baby to go as low as 25 taking GENZ with it.

I can't believe we just recently discussed the DNA puts for July, IDPH 55 and 50 puts for such a short time ago or the downfall of GILD and GENZ. There are no words for GENZ, its been a really nice ride, evey single put contract since April. TEVA got me very nervous in light of this downside and LLY and PFE can get quite a bit lower.