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?
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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.