8.2 C
New York
Thursday, March 28, 2024

A Nice 20%

BIVN is a nice little biotech that has a great treatment for leukemia that has may soon be approved in Europe.

These things often drag out and many people bailed on Bioenvision this year leaving a lot of money on the table.

The way to play this one is to buy the stock for $6.68 and to sell the Jun $7.50 calls for $1.20, a quick 19% return with an extra .82 (12%) before getting called away and protection all the way down to the 6 month low of $5.42.

It’s good to have a few stocks like this to hold on to when the market is uncertain…

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