Sell PRA Health Science Calls for 55% Gain in Less than 30 Trading Days
Sell to close the July 21, 2017 call on PRA Health Sciences (PRAH) with a strike price of $75 at $3.50 or higher. Symbol (PRAH170721C75)
PRA Health Sciences jumped above our $75 strike price today on news that competitor Parexel (NSDQ: PRXL) is being purchased by Pamplona Capital Management LLP.
The calls have rocketed up 55% in less than 30 trading days. Book that gain and enjoy further upside with the long stock position.
As always, I am eager to hear how you did with this trade. If you can please fill out this 90- second survey. I appreciate it!
Stock Talk
Santo
Still holding PRAH to see if we hit a further high. Wish now I had held KR a few days longer 🙂
Linda, any thoughts on profiting with the recent retail shakeout. WMT, RAD seem ripe for an uptick. Picked up a quick profit on COST 165 puts over the last week and exited as the value buyers may be coming in.
Linda McDonough
Santo,
I agree that there are some names in the retail space that are ripe for a bounce. I added GPS recently but am looking at some other stocks outside of the apparel sector. I’ll post the trade alerts as soon as my work is done.
Nice trade on the COST!
Linda
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Linda McDonough
A quick note to subscribers: PRAH has pulled back a bit with the overall market. I would sit tight and try to get the $3.50 price for the calls. I expect the stock to move higher as the market recovers.
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Linda McDonough
For those of you still holding the PRAH calls, the stock is roaring today and the calls are now up another dollar, trading at $4.30, almost 23% higher than yesterday!
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Phil Ash
I was asleep at the wheel when you issued this alert in June and the calls fell out of the money soon thereafter. So, I let myself get assigned on 7/21 in anticipation of yesterday’s earnings release. Well, your thesis was correct, and this morning I got a 5% bump on the stock after holding it for the past three weeks.
I gather you’re still holding it in anticipation of your $94 target.
I probably should’ve just bought another call instead. Too little time, too many trades.
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