9AY trade ideas
TRADE IDEA: ARRY COVERED CALLMetrics:
Buy 100 Shares at 3.23
Sell Oct 21st 4 call
2.83 db at the mid (i.e., 2.83 is your cost basis in the shares)
Max Profit: $117 (if called away at 4)
ROC: 41% ROC
Notes: A good spot to initiate this here, given a bit of horizontal support.
$ARRY Will The Short Squeeze Continue on Array Biopharma?With Array Biopharma earnings this week, the chance of another short squeeze increases, but so does your risk. Golden Cross on Daily, positive divergence on MACD, riding the upper Bollinger Band as of 8/2. My $ARRY upside target is $5.47 NASDAQ:ARRY
Potential Dead Cat Bounce Price could bounce up to 4.50 from here where overhead supply will probably knock it ultimately down to $3.00
ARRAY UP LONG PART(1)financial results for the second quarter of fiscal 2015 and hold a conference call to discuss those results on Tuesday, February 3, 2015.
