It is basically priced for everything to go right. One slip up and it could crater fast. Just a word of caution...I would not own this overnight. A $30 gap down could happen at any moment.
For example, FDA claims that cellphone can cause cancer in general will do, be careful, cough, cough.
or if Ford admits that their cars run on corn flakes we would see XOM fall fast and GIS would increase 20 fold! i'm not buying calls in GIS just yet ...
Yes, it's true, all the easy money has been gotten. From now on, those institutional buyers are gonna have itchy trigger finger. Especially the ones that got in, back in 2006 when it's was like 55 during the July dump. At this point, I think I started hedging with some option spreads.