Looking at the last bids on CMP, looks like the APR 50's are being sold and APR 65's are being bought, so not sure if the deal is totally dead or just delayed imminently and just a headfake. I've been starting JUN calls on the 65 line, but very slowly.....and not too many contracts @ once, just own a couple.
An easy way also to buy biotech is to buy the Biotech index calls, ticker .BTK. Popular names such as what is in IBB. (disclaimer, own calls, up a wee bit today)
Friday's Options Recap [View article]
I've been starting JUN calls on the 65 line, but very slowly.....and not too many contracts @ once, just own a couple.
Thursday's Options Recap [View article]
(disclaimer, own calls, up a wee bit today)