$IBB strategy for next week
I think you can be long early next week on a retest of the 50d. I think too many expect the inverse head and shoulders to send it lower.
I am long via deep in the money LEAPS and recommend writing weekly calls against long at $295 (top of right shoulder). Below the 50d at $286 be careful..
I think there is long term support at $280 and would be adding to position if it got that low
I am long via deep in the money LEAPS and recommend writing weekly calls against long at $295 (top of right shoulder). Below the 50d at $286 be careful..
I think there is long term support at $280 and would be adding to position if it got that low
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