Home Weekly Options IBB Bio Tech index weekly 285 put options entry 30 x 2.00 sell 30 x 9.00 $ 27,000 profits
IBB Bio Tech index weekly 285 put options entry 30 x 2.00 sell 30 x 9.00 $ 27,000 profits

IBB Bio Tech index weekly 285 put options entry 30 x 2.00 sell 30 x 9.00 $ 27,000 profits

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Follow up to comments from President Elect Trump regarding drug costs trading the news conference we hit the trades hard all of them
• Biotech names are seeing weakness following comments from President Elect Trump that he wants new bidding procedures for drug prices. This is something he has repeated on the campaign trail many times, and discussed in December 7th Time Magazine Interview
• Names seeing weakness include: VRTX -0.36% REGN -1.04% LLY -1.11% PFE -1.67% JAZZ -1.89% GILD -1.97% NVS -2.01% AGN -2.08% AMGN -1.97% CELG -2.06% MYL -2.04% RARE -2.42% IBB -2.46% BIIB -2.95% BLUE -3.15% KITE -3.58% BMY -3.67% SHPG -4.03% ONCE -4.36%.

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