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IBB has done exceptionally well, exceeding every resistance it meets.

|Includes: iShares Nasdaq Biotechnology ETF (IBB)

Shares now have a solid rock support at 65.00.  For those looking to start hedged postions, consider writing the June strike 65 calls at 3.00/contract against the underlying shares for 1.10 intrinsic time value.  Not a bad hedge.  Should shares pullback, you can buy back the calls and wait till the shares run up again.  65 is here to stay for a long time.