With the Supreme Court to hear the Obamacare subsides case, WLP UNH are getting hit hard today.
I view both as potential shorts here, especially given their prior run-ups.
In addition to the good news likely being baked in for now, the market must now wrestle with the indecision/known unknowns arising from the prospective SCOTUS ruling.
I view others in the space as shorts, too.
What are your top final hour trades?
CCL is strong and looks good at year’s end the last few years. In with some March 18 calls.
Oops. That should be CCJ.
Chess – if the SCOTUS yanks that subsidy, traders may start singing “How many $BIScuits can you eat?” http://youtu.be/_XF5acQd6fg
I thought you would appreciate more banjo……maybe not?
As you know they have also been referred to as The Supremes, which nearly always makes me smile.