So net cost of BHC shares is lowered to $23.47. Was going to sell lower, $23.50, Calls before market close but got distracted by some goofy computer issue and never got to it as it took a very long time to shut down the computer -- and I'm not certain what caused that. Did a full scan of the computer afterwards and found nothing wrong (but I have a couple ideas what caused it).
I think BHC recovers somewhat tomorrow and I will sell 04/03 Calls again but I might lower the strike down to $23.50.
I'm really hesitant to hold the shares during earnings release and I was in the process of researching that when the computer problem started.
BHC has been it's typical self. LOL BHC & TEVA use to correlate 4 bucks and switch off one leads then the other. It was quite profitable with trading calls between the two after one would POP and the other showed signs of wanting to pop too. However now it's over 10 almost 11 in difference BHC 25.49 / TEVA 14.61 Today was a bloody red day. MNK had good ER up 9% in AH and sold down almost 2% today. Biotech not getting much love these days and nothing looks like a buy and hold with POTUS tweeting at any time. LOL All 3 of those stocks look good to me long term but that doesn't mean they won't go lower if Friday comes and Trump does what he says. That blood bath I'd add into at some point (-30% overall market correction) as I'd expect a week of that pressure would get both sides to hammer out an agreement even if it's for a few years. I wonder if BHC would have done much better had we not gotten tweeted over the weekend. Can someone just buy us out for 45 already?!?!!!
Yep we saw it then and still in effect now. Trade this puppy all year long...22 Buy/26 sell PROFIT... I think it's going to create a new trend higher with Citron report but until it does these numbers are in effect.
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