Issued: January 3, 2018, 12:57 pm EST
I really like the setup here on TEVA – looking like this thing wants to burst higher. (See video below)
TEVA is currently $19.20, and those trading stocks can enter here, and expect upside to around the $22 area in the coming days. Will post an alert when I close the trade.
I got the FEB 20 Call at a price of $1.16.
If TEVA gets up to $22 imminently, the options will more than double. If the move up occurs more towards the expiry on Feb 16th, TEVA will need to be above $21.16 for us to break even. The risk as usual is if TEVA is below $21.16 by expixy, the option decay to zero. Use a slightly smaller position size, as strike is above current price, and we are only giving this until Feb. Any questions, shoot me an e mail.