Raghee’s Setup on IBB 6/26/17
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Raghee's Setup on IBB 6/26/17

Raghee Horner

In this trio of TOWs, I am playing the 9.5% run-up in the IBB as the CBO is going to release their analysis of the repeal and replace of Obamacare. An opportunity to "buy the rumor, sell the news"... with IBB making one of its biggest weekly gains ever and EXEL and INCY at or near double tops, I am looking to take advantage of some intraday rollovers.