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September 30, 2013  Mon 7:32 AM CT

ACHN: SEE CHART GET CHAIN FIND STRATEGIES

Liver Complications Won't Go Away

Achillion Pharmaceuticals said the U.S. Food & Drug Administration kept its experimental hepatitis C drug sovaprevir on hold. The company had tried to address regulators' concerns earlier in the year, but liver complications remain a problem. ACHN plunges more than 50 percent before the opening bell on my tradeMONSTER platform.

Morgan Stanley Downgrades Panera

Panera Bread was downgraded to "equal weight" from "overweight" by Morgan Stanley, which says Chipotle Mexican Grill might do a better job driving sales. PNRA falls 2 percent in the premarket and CMG inches higher.

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Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

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