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Exelixis, Inc. Message Board

  • nomad_celcius12 nomad_celcius12 May 10, 2013 11:26 AM Flag

    Look no further than the options

    Well looky there...another month, another price pin below that $5.00 mark, once again rendering all those open $5 strikes worthless. In case you forgot, I posted a great case here two months ago as to how writing those May $5.00 calls was a pretty darned good bet. At the time, the bid/ask was .55/.60. Those who wrote the calls are sitting mighty pretty right now...again. Those call holders who are long continue to get slaughtered every month.

    There's more than one way to skin a cat :-)

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    • All part of the ongoing manipulations. Which brings us right back to the trade I stick with. Buy under $4.60 Sell as it approaches or exceeds $5 will they do it another 5 to ten times? stay tuned! LOL

    • Interesting Nomad as always. Last time we broke through the 5 range unfortunately I missed the sell window. Ill be watching the volume carefully this time if we move higher. Its possible the same pattern will occur again and we make a second run at 5.25 which may shatter the roof and move higher? Even if we are to move past the $5.25 5.30 range I see significant resistance right before $6.

      Thoughts on the current chart and a possible catalyst such as ASCO


      Sentiment: Hold

4.54-0.21(-4.42%)Feb 5 4:00 PMEST