http://finance.yahoo.com/news/buy-innoviva-inva-ahead-earnings-123612916.html http://finance.yahoo.com/news/glaxo-innoviva-expedite-closed-triple-134001259.html http://stockcharts.com/h-sc/ui?s=inva Trade: With INVA at 11.44 Mar '17 10/12.5 bull call spread for a net debit of $160 Price........ Profit / Loss......... ROI % 7.50............. (160.00)........... -100.00% 9.00............. (160.00)........... -100.00% 10.00............ (160.00).......... -100.00% 10.70............ (89.90).............. -56.19% 11.60............... 0.00.................. 0.00% 12.34............. 74.20................. 46.38% 12.50............. 90.00................. 56.25% 13.00............. 90.00................. 56.25% 15.00............. 90.00................. 56.25% note: I don't like the drug they are working on... such combinations are generally not a good idea and do not find a lot of support among doctors. I wouldn't buy this company but an eight month option play riding positive news should be OK.