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Apr 23, 2014 12:36 PM

weak sauce 

Gilead Sciences, Inc.NASDAQ

Description

The Dec/Mar highs have capped price post earnings. This thing was halted...everybody was looking for a monster move...the analysts were way off, but the quarter's news appears mostly baked in. This sets up an interesting fade opportunity. (Personally am looking at the May 70-65 Put spread as it really limits risk if wrong and all the extra IV is getting sucked out)
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