Option Trade for Monday 07/14/08

 

Genentech will be releasing earnings after market close today. We have structured an options trade that will make money if the stock moves 2 points or more either way, with almost no downside. At most, you'll lost under a hundred dollars before commissions whereas if the stock moves 2 points or more, you make great money.

Vested Interest: 
We are taking a position in the Genentech options