By Dan Darrow

November 14, 2022

Intraday Update: BIIB

Competitor Alzheimer's data from Roche this morning was a disappointment, sending BIIB up sharply to start the week. BIIB is trading around 300 early, marking its best intraday level since September 2021. The Dec16 $295 - $305 call spread roll-up is solidly into the money, so the plan will be to lock in the remainder of the trade and watch for a pause/consolidation to possibly revisit another bullish strategy into the upcoming CTAD conference.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication