OptionsRising

INO - 4/17 10 CALLS - great technicals, low risk - or buy stock

Long
NASDAQ:INO   Inovio Pharmaceuticals, Inc.
I bought 4/17 expiry 10.00 strike calls on March 16 for $1.29. Option is around same price now due to a little theta decay. Here are reasons I like this trade:
  • RSI stayed around 50 and is now turning up
    today's candle close is back over 20SMA
    on hourly chart you see some buying volume and stock broke above consolidation
    When you look at the sharp move up earlier this year, reward is high, risk is low
    Weekly chart looks good for another move up
Daily stochastic still at bottom, which does not support trade.
A higher strike may be better for you, check option volume.
A close over $8 today supports more upside.
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