Jan 3 Option Trades Update

The new year was off to a rocky start as Wall Street skidded lower Wednesday. Asian markets follow suit & are sharply down Thursday. Japan market is closed & will only open tommorrow. Shares of HGSI rose 7% Wednesday after Leerink Swann & Co. upgraded the stock, citing the biotechnology company's partnership with GlaxoSmithKline and the blockbuster potential of the drugs they are developing together which bodes well for the covered call play.