Options Call Play Of the Day: ALXN

Alexion Pharma – ALXN – close: 89.81 change: +0.80

Stop Loss: 87.75
Target(s): 98.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Alexion Pharmaceuticals is a biopharma company. The stock has been stair-stepping higher for weeks. Shares just spent the last few days consolidating sideways in the $88-90 zone. I suspect we’ll see it breakout to new highs soon.

I am suggesting a trigger to open bullish positions at $90.25. We’ll use a stop at $87.75. Our target is $98.00.

Trigger @ 90.25

– Suggested Positions –

buy the Apr $90 call (ALXN1221D90) current ask $3.00

– or –

buy the May $95 call (ALXN1219E95) current ask $2.25

Source

— The Option Specialist

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About the Author: The Option Specialist