There were big moves and subsequent pullbacks today for many biotech and healthcare stocks. Continuing the recent theme of inconsistent trading, most symbols struggled to maintain momentum throughout the session. AMRN, for example, was up very sharply at the open, moving up from around $12.00 to a high of $14.64, and then proceeding to give up those gains through the latter part of the session. Another example is FCSC, which was initially boosted by rumors of an FDA contract which ended up being true. However, after moving higher for the second day in a row initially, the stock proceeded to sell off to where it ended off trading lower than yesterday’s close. Overall, this was a recurring theme, making it more prudent to look for sharp pullbacks in existing trends for entries. Here’s a recap of the action.
A Struggle Of A Day For the Biotechs
Read Similar Articles
Wait! There Is An Options Greek Called Rho?
Out of all the Greeks in options trading, Rho is capable of providing uniquely critical insights that others cannot offer. Rho measures an option contract’s susceptibility to changing interest rates. We’ll explain how Rho by defining its specific functions, how interest rates impact options trading, and cover some pertinent scenarios. What is Rho in Options […]
Read ArticleYou Have A Lot Of Options Out There
There are a number of different types of options expiration types. In the vast majority of our signals, our options will be categorized as “American”-style options. There are some, like VIX options, that are “European”-style options. Here’s a quick explanation of both. The term “American style” in relation to options has nothing to do with […]
Read ArticleFunder Trading Review – Best Prop Trading Firm in 2024?
If you are actively trading in the stock market in 2024, chances are you’ve heard a new buzzword flying around: Prop Trading, short for Proprietary Trading. Whether you’ve tried prop trading or not – or have even heard of it at all – its popularity is quickly growing because it provides everyday traders with a […]
Read ArticleRead Similar Articles
What Is Delta In Options Trading?
Understanding the Delta of an option is crucial for both new and seasoned traders. It’s one of five specific calculations called “Greeks,” which help measure specific factors that could influence the price of an options contract. Delta is a metric that helps you gauge how much the value of an option contract is expected to […]
Read ArticleWait! There Is An Options Greek Called Rho?
Out of all the Greeks in options trading, Rho is capable of providing uniquely critical insights that others cannot offer. Rho measures an option contract’s susceptibility to changing interest rates. We’ll explain how Rho by defining its specific functions, how interest rates impact options trading, and cover some pertinent scenarios. What is Rho in Options […]
Read ArticleYou Have A Lot Of Options Out There
There are a number of different types of options expiration types. In the vast majority of our signals, our options will be categorized as “American”-style options. There are some, like VIX options, that are “European”-style options. Here’s a quick explanation of both. The term “American style” in relation to options has nothing to do with […]
Read Article