EW

[oldnemesis]

http://fortune.com/2016/04/04/edwards-lifesci-all-time-high/?xid=yahoo_fortune

http://finance.yahoo.com/news/edwards-lifesciences-ew-looks-good-120012605.html

http://finance.yahoo.com/news/why-edwards-lifesciences-ew-stock-191707493.html

http://finance.yahoo.com/news/edwards-lifesciences-positive-partner-ii-185006886.html

http://www.fool.com/investing/gener...gn=article&utm_medium=feed&utm_source=yahoo-2

http://finance.yahoo.com/echarts?s=EW+Interactive#{"range":"2y","allowChartStacking":true}

Trade:
With EW at 105.74
Jan '17 72.5/70 bull put spread for a net credit of $50
Yield = 50/200 = 25% in 282 days or 32.4% annualized
Prob = 85%
Expectation = .85(50) - .12(200) - .03(100) = 42.5 - 24.0 - 3 = 15.5

Price.... Profit / Loss.... ROM %
55.00....... (200.00)....... -75.00%
65.00....... (200.00)....... -75.00%
70.00....... (200.00)....... -75.00%
72.00............ 0.00........... 0.00%
72.50........... 50.00......... 25.00%
80.00........... 50.00......... 25.00%
100.00......... 50.00......... 25.00%
110.00......... 50.00......... 25.00%
125.00......... 50.00......... 25.00%

 

[oldnemesis]

When I graduated from high school in 1960 I had no means of going to college. So I enrolled in a program at Temple Hospital in Philadelphia for a brand new medical field : Respiratory Therapy. The program was sponsored by the NIH and paid a small stipend.

This new field was prompted by a new medical device: the mechanical ventilator.

The new mechanical ventilators made it feasible to keep a patient alive who was unable to breathe on his own...in the hope he would recover.

http://www.latimes.com/local/obituaries/la-me-forrest-bird-20150803-story.html

At the same time a new surgical field was also evolving: Open heart surgery.

The two events were complimentary. Open heart surgery was, in those days a very revolutionary, and dangerous type of surgery that could not have been pursued without the ability to keep a patient alive post surgery and the mechanical ventilator played a key roll in that effort.

https://en.wikipedia.org/wiki/Michael_E._DeBakey

After receiving training in Medical Physiology I was sent to spend two weeks at Baylor College of Medicine in Huston to be trained by Debakey's team. (meaning I was allowed to watch)