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pooptart
Sep 25, 2023 6:11 AM

BIIB Overdue for Gap Up Long

Biogen Inc.NASDAQ

Description

BIIB's at a support level, but it's also been gapping up significantly every 2-6 quarters for the past few years. Its last gap was exactly a year ago, so it's overdue for a gap up. It's also within a month of earnings, so management is likely keen on pushing for newsworthy developments. I'll be rolling far OTM calls every week until earnings given the upside for such a gap.
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