Biotech is all the rage, I'll play for a quickie short on this once it gets to 412ish, provided it puts on a reversal candle of some sort first.. It'll be highly technical, you have to be very surgical, it's like picking pennies in front of a train, it's like cheating death, and me likey.
A better way to play this is to sell some call spreads once it gets to 412 ( RSI
red hot by then, probably), that way even if it consolidates, you still get the time decay.
One shortcoming is liquidity on BIIB
options is how do I put this delicately, shtty.