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  • neobliviscar
    $TEVA . Had to wait for this one to bottom. Selling Jan Puts at this level. Be happy to go long here & conv to Cov Call later.
    12/21/12
    Reply (5)
    • chopchop0: new low today.... still selling puts?
      12/31/12
    • neobliviscar: No. Full up on this one to max size willing to stake on a stock I haven't traded in years. Thought $35 was ideal entry point, but decided
      12/31/12
    • neobliviscar: it would never get there. Sold the $37.5 Jan Puts, and expect to be selling the Feb calls if I end up long it.
      12/31/12
    • chopchop0: I decided to bite on a long position today. Seems insanely cheap at 7x forward earnings.
      12/31/12
    • neobliviscar: P/E can be dang w/ drug co., but reviewing what they've got & the likelyhood of 'will have', seemed very safe risk/reward $35-$37.5 buy zone
      12/31/12