IMGN seems to be held up by strength in SGEN. Looked like IMGN rally was about to fail, trees were shaking, but SGEN was up and IMGN recovered. SGEN may be up for the next few Fridays on speculation over Roche deal. Not sure how much premium they could fetch with a market cap of $3BB. On the + side a deal for SGEN would leave IMGN as the remaining independent ADC leader. On the - side, Roche might try to put the screws to IMGN if/after they buy.
tempted to sell more high priced calls, but the premium is low and the stock keeps inching higher. $16 is a big hurdle, maybe it will be attempted next week. Still holding half of the trading shares and all the LT position, sold calls too soon on the other half of trading shares APR $15-16 against the $12 calls. GL to longs, hearing some squealing and barking!!! hope they don't bite us in the rear again!
Could not help it.....just sold 5K shares for 30 percent gain and about 2-3 months time....not to bad. Sold at 15.60ish Hopefully will get them trading shares back next week when they report.......just trading shares though......still holding all of core position (over 10K shares)