The DEA has come out with their report on Arena's drug Belviq. The information is attached here.
The stock has risen on the news and is now priced at $8.37 on 2 X volume.
Previous covered call trades have been made in AA, OCZ, YHOO, ZAGG, LLEN, CLSN, EDMC, EXAS, ARIA
If you are interested in futures options or futures etf options, Sell The Call is now following Trading Futures ETF Options.
** Disclaimer** - Sell The Call is simply posting information. This is not a recommendation to buy or sell any of the securities above. Do your due diligence before investing as there is risk to all investments. Be sure to Like ourFacebook page, and follow Sell The Call's Twitter and Stocktwits pages.
Showing posts with label belviq. Show all posts
Showing posts with label belviq. Show all posts
Tuesday, May 7, 2013
Friday, March 1, 2013
Purchased Protective Put on ARNA Trade
Sell The Call has purchased a protective put for its Arena Pharma covered call trade. The April $7.00 put was purchased for $0.31. This will have a negative impact on the covered call position by $0.31 per share before commissions and fees. The stock is currently trading at $8.30.
Earnings are due out on Monday, March 4th. The release of Arena's drug Belviq is also scheduled to happen in the near future. If either or both of these situations is negative, the stock will be expected to take a hit. This is the reason for the purchase of the put. There is still $0.72 profit per share after commissions if the stock is above $9.00 by the expiration date of March 15th.
Previous covered call trades have been made in AA, OCZ, YHOO, ZAGG, LLEN, CLSN, EDMC, EXAS, ARIA
If you are interested in futures options or futures etf options, Sell The Call is now following Trading Futures ETF Options.
** Disclaimer** - Sell The Call is simply posting information. This is not a recommendation to buy or sell any of the securities above. Do your due diligence before investing as there is risk to all investments. Be sure to Like ourFacebook page, and follow Sell The Call's Twitter and Stocktwits pages.
Earnings are due out on Monday, March 4th. The release of Arena's drug Belviq is also scheduled to happen in the near future. If either or both of these situations is negative, the stock will be expected to take a hit. This is the reason for the purchase of the put. There is still $0.72 profit per share after commissions if the stock is above $9.00 by the expiration date of March 15th.
Previous covered call trades have been made in AA, OCZ, YHOO, ZAGG, LLEN, CLSN, EDMC, EXAS, ARIA
If you are interested in futures options or futures etf options, Sell The Call is now following Trading Futures ETF Options.
** Disclaimer** - Sell The Call is simply posting information. This is not a recommendation to buy or sell any of the securities above. Do your due diligence before investing as there is risk to all investments. Be sure to Like ourFacebook page, and follow Sell The Call's Twitter and Stocktwits pages.
Subscribe to:
Posts (Atom)
