We haven't talked about ARAY for a while, if you remember we traded it a couple of times while waiting for corporate news to keep up with product potential. They easily beat expectations yesterday and are trading above 8 on strong volume. Not much options interest in this name but if you want to buy it I would sell some puts and if it does pull back you will at least own it at a discount. If you really want to own it you can buy some 7.5 calls as the premiums are making break even around 8.50 or buy it outright today.
Happy Trading...
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