Seems sacrilege what is going on in biotech today. Losing my #$%$ across the board, CELG, GILD, BIIB. I guess with markets closed this Friday, they are stepping up the options manipulation game.
Citigroup and Barrons have been tag teaming on bringing down the biotechs. Same thing occurred with GILD. Citigroup removes it from their preferred list and Barrons posts it all over God's green creation. Such a farce!
...Gilead (GILD) August 115 call option implied volatility increased 5% to 27, Celgene ( CELG ) July 140 call option implied volatility increased 3% to 28 according to IVolatility.
Expect lots of manipulation if you are long these stocks.
I've said it before and I'm saying it now, the whole options game is nothing more than a ticket to steal from honest investors. You should either own the stock outright or not own the stock. Options shouldn't be an option!!!
In Cook's defense, this has nothing to do with Apple management. This is third-party manipulation of which they have no control. The SEC is the culprit imo. Options manipulation and flash boys trading is a huge problem!!!!
I added as well. Big boys are going to have to gobble this up as its being added to the sp100 index. I expect to see some big blocks moving after the bell today. JMO
zipper, leverage this with a few others. I have this in a cash a/c along with Wendy's (WEN) and a couple of others. Different sectors and WEN pays a small dividend. Just a suggestion. Don't put all your eggs in one basket.
It dropped when they announced the sale price on the secondary shares at $4.50 commencing on March 23. This may keep a handle on the share price temporarily.
The big boys always add shares after the close. Hopefully back over 125 soon!
Gilead Sciences—A study in the Annals of Internal Medicine concludes that new hepatitis C drugs that shorten treatment times are cost-effective despite their large price tags. Gilead's Sovaldi is one of the more popular of these drugs, and it came under heavy criticism last year for its initial $84,000 price tag.
And GILD trades down???