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Biotech / Medical : biotech firesales

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To: tuck who wrote (3280)11/4/2015 8:11:12 PM
From: Ian@SI  Read Replies (1) of 3661
 
I suspect that this one will be prone to tax loss selling as we approach year end.

I've traded it during the past year selling naked puts (in the money) as it approached lows, then covered calls as it approached highs (missed about $20 p/s of potential profit when Roche stepped in).

If it got a $15 or lower handle, I'd consider selling naked puts (ITM) again.

I suspect there's a cost reimbursement issue from the insurers. If I were a cancer patient looking for the best available tx, this seems like a no-brainer. Yet the sales haven't materialized. Something seems to be holding growth back even with Roche's help....
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