[FP Trader Alert] Consider Clovis Oncology

Clovis Oncology (CLVS) is making major headlines today after falling 72% or $71.80. But what we’re seeing is a major overreaction to news the FDA is requested further information for efficacy analysis in drugs for the treatment of EGFR T790M-positive lung cancer....

[FP Trader Alert] Exiting half of Pandora Calls…

Using an entry price of $2.10 on the Pandora (P) January 2016 12 call – recommended on November 2 – we’re now looking at a gain of about 60%, excluding commissions. Hold the second half a bit longer. There’s still a massive bearish gap to refill at $19 at some point....

[RRS Trader Alert] Exiting Philip Morris Puts…

It shouldn’t be this easy to make this much money… The other day, we recommended closing half of the Philip Morris (PM) November 95 puts and December 92.50 puts for gains of more than 280%. Today, we want you to close the second halves, as time decay begins to eat...

[RRS Trader Alert] Exit Morgan Stanley…

There’s good news and bad news. The bad news is that our Weight Watchers (WTW) trade idea was a flop. You can either exit it here or allow it to expire. The good news is that our Morgan Stanley (MS) January 2016 32 call has nearly doubled. Sell to close half of the...

[Trader Alert] Exit Amicus Trades…

On October 12, I issued a buy alert on Amicus Therapeutics (FOLD). The stock traded at $7.35. The April 2016 8 calls trades at $1.85. Today, the stock is up to $10.30. The calls last traded at $3.50. Close both positions to secure the gains. Ian L. Cooper Forgotten...

[RRS Trade Alert] Consider ACAD Again…

I’ve been recommending ACADIA for years, first jumping in around $20 a share. Today, on news the FDA granted priority review, it’s up $5 on the day. But upside is far from over. In fact, what this company is offering is a game changer for the Parkinson’s disease...

[FP Alert] Exits… and New Trades

Patience pays off quite well… Disney (DIS) has had one heck of a run off its lows… After buying the stock at $108, and the January 115 calls at $4, we’re now looking at gains on both trades. The stock last traded at $115.20. Sell. The calls last traded at $4.75. Sell...

[FP Trade Alert] AbbVie Gaps Higher… Exit.

Well… that was easy. On Tuesday, I issued a buy on ABBV after it was destroyed on overreaction. We picked up the underlying stock around $52.50. And we picked up the ABBV January 52.50 calls around $3.20, as well. Today, the stock gapped up to an intra-day high of...