NaughtyPines

TRADE IDEA: ARRY COVERED CALL

NASDAQ:ARRY   ARRAY BIOPHARMA INC
Metrics:

Buy 100 Shares at 3.23
Sell Oct             21st 4 call
2.83 db             at the mid (i.e., 2.83 is your cost basis in the shares)
Max Profit: $117 (if called away at 4)
ROC: 41% ROC

Notes: A good spot to initiate this here, given a bit of horizontal support.
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