partyjumpman

Lots of resistance in front SHPG before earning- BCS earning 15%

NASDAQ:SHPG   SHIRE PLC - AMERICAN DEPOSITARY SHARES, EACH REPRESENTING THREE ORDINARY SHARES
195/200 BCS             exp             7/15 .65 limit- I will not even look at the trade until SHPG             closes over 193.10
The 200 and the trend line should resistance for SHPG             should it break through wait for a Close above 193.58.
Consider exiting position or buying back the shorts calls and holding the long calls as SHPG             goes to 202.11.
15% in 10 days...
Trade closed manually: Close out on 7/15 below 195 so we get the premium and options expire ...
Comment: If was close but our expired worthless about return 13 % not bad
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