BIIB

#ShortPuts – Based on IV over the next few weeks BIIB must have some sort of a drug announcement coming. It’s still too early for earnings to drive that type of expected move. I’m treating it like an earnings type of event and selling the week before. Selling down at 6 month lows and at the expected move.

Sold BIIB JUN 4 2021 245.0 Put @ 3.20

biib