Pay attention to tomorrow's recommendation to the FDA. Right now there is heavy OCT PUT interest but the Calls for 15 and 17.50 offer great premiums. If the recommendation is positive the opportunity for a successfull covered CALL or cash-secured PUT for Friday's expiration is greatly increased. If there is no announcement tomorrow play at your own risk, as it could come Friday before the close and tumble the share price. However if you are bearish it would be the time to pick up PUTS as an alternative strategy...
Happy Trading...
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