Just closed out Celgene bull put spread we sold on January 23 in our ETNtrade Live Trading Session:

CELG – Celgene on January 23 trading at $73.48.  Earnings Thursday, January 26 (BO).  Bullish trend. 

February 72.50/75 bull put spread for $1.28 credit and $1.22 of risk.  B/E 73.72. 

Exit – hold through expiration February 17. 

Friday trading at $74.55, bought back 75 put for $.45, keeping $.83 of original credit. Nice little option spread...

ROR 68%. 

~DanTrader 

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