Flash Buy: Bullish Spike In Biopharma Play

February 3, 2020

We're seeing a Super Bowl hangover in today's market with the overall market running lower than expected.

However, Hot Money finally made a few moves after lunch and we have a new buy alert that has triggered.

  • We're buying to open the Clovis Oncology (NASDAQ: CLVS) March 20, 2020, $10 call up to $0.85 per contract or better, for the day.

This new bullish spike-triggered due to under-market positioning in the March 20, 2020, $10 call strike.

If Hot Money is right and shares of Clovis Oncology (NASDAQ: CLVS) soar higher in the coming days, our call would quickly increase into a double or triple-digit gain

Here's what we're doing...

Action to Take:

  • In your brokerage account, locate the CLVS March 20, 2020, $10 call:
  • The symbol is CLVS200320C00010000.
  • Search for options under the stock ticker: CLVS.
  • Make sure you choose the right options expiration (expiring on March 20, 2020).
  • Choose the $10 strike price.
  • Select "call" options. Select how many contracts to buy.
  • Once you have the right contract, click "buy to open."
  • Choose "limit order." (This sets the max price you'll pay per contract).
  • Use a limit of $0.85 per contract.
  • Click "Day" for TIF (Time In Force).
  • Then click "buy" to transmit the order.

You can also call your broker and say, "I want to buy to open CLVS March 20, 2020, $10 call with a $0.85 limit or better; for the day."

To your wealth, freedom, and options!





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%