Bullish Options Bias in Amgen (AMGN) Ahead of July 26th Earnings Announcement, Targets Upside in Shares Above $200/Sh -Susquehanna

Susquehanna options strategist Alison Edwards notes bullish options activity in Amgen (NASDAQ: AMGN), as an investor this morning bought ~8k Aug3 195/200 call spreads in small lots for up to $2.05. Trading implies investor willing to take on upside risk above $200 (~4% higher). Investor may be looking for exposure to earnings, expected 7/26.

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