IBB Pullback to 50% retrace

IBB has pulledback 50% of its most recent impulse move to the upside. I bought a call option here and will possibly add to the position if the market holds up as expected. Targeting 333-334 area

Kommentera:

Added another a call option as IBB traded in the 319 area this morning. It's initial break of 221 this morning was a positive development that gave me confidence to add to my position.