BCRX is consolidating nicely at $15. The option prices are outrageous at $1.60 for the January 15s. The best move is to buy this hot biotech stock and sell the Jan $15 calls for $1.60.
If you buy the stock and wait 30 days, you have protection all the way down to the 50 dma of $13.40 and, if you get called away you pocket $1.75 on $14.85 spent. Not bad for a month!
If the stock goes down on you, you can roll into the $12.50 or just buy out the call you sold.
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