Using a Bear Collar to manage a volatile Biotech starring Celldex Therapeutics

There is where $CLDX stands at the moment:

CLDX_DailyA nice stab at the 50 SMA & mild bounce.

Here is how the trade was born:
CLDXThis was a “To Fade” play that I did based on how far the stock price was above the 50 Simple Moving Average (SMA). Once the trade was working I added an October 29/30 Bear Collar to protect the gains:

CLDX_BPrice is currently under $27 so I will need to adjust the BC down or let it stay capped to expiration.

2 thoughts on “Using a Bear Collar to manage a volatile Biotech starring Celldex Therapeutics

  1. Pingback: Best Of The StockTwits Network 10-12-13 | The bclund BlogThe bclund Blog

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