April 24, 2013

Biogen (BIIB)

Bias: Bullish
Price Target: $230


We are bullish on BIIB and want to purchase a call vertical to take advantage of the possible move higher.


BUY To OPEN 2 May-18 BIIB 220 calls trading at $2.40
SELL To OPEN 2 May-18 BIIB 230 Calls trading at $1.00

BIIB is now trading at $207.78
This spread is now trading at $1.40
The Total debit of this trade is $2.8

Do not pay over $1.6 per spread

Day Order only


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