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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Stock Market » Valeant Pharmaceuticals International, Inc. (VRX)

Valeant Pharmaceuticals International, Inc. (VRX)

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dzonefx

dzonefx
Moderator

Valeant Pharmaceuticals International, Inc. (VRX), $15.98.

daily chart
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Trade:  We recommend selling 10 Apr $12.5/7.5 bull put spread (65 DTE) at around $.49/share (closing mid-point).  Note:  Holding over 2/28 earnings is higher risk.
Strategy:  Breakout daily after bullish retest, bottoming action weekly chart after nasty retracement from highs of over $260.

Max Gain:   Credit received.
ROI:  10.8% ($490/$4,510 max risk).

Max Loss:  Spread less premium received.
Stop Loss:  $12.88.


source: mastertrader

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