SBIO
I came across this ETF years ago and I didn't cross my mind again until tonight. SBIO is basically an ETF that consists of small-mid cap biotech/pharma companies with upcoming 2-3rd stage results coming out. This is a slow mover that is prone to moderate sized moves when multi companies announce at once. It has options available for trading so its worth watch the calendar for exp dates multiple companies that have results coming out.
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Maverick - 3 years ago
Slow mover is an understatement. Watching paint dry is more exciting than that chart.
https://www.etf.com/SBIO <-- Details of holdings and performance
https://www.etf.com/SBIO <-- Details of holdings and performance
Biotech Swings 👨⚕️💉
| Created By: | Maverick |
| Created: | Jun 25, 2020 |
| Total Followers: | 5 |
| Follow | |
The strategy here is simple: take 3 to 60 day positions in biotechs that have upcoming catalysts (data readouts, approvals, etc).
Offerings are the major danger, so always be mindful of cash position of the company you're trading.
Offerings are the major danger, so always be mindful of cash position of the company you're trading.