Just an FYI that almost 60% more Call options were traded today than Put options. Implication is more people are betting with their money on approval than are on rejection by Adcom tomorrow.
GO TO freestockoptionpics.com and let them educate you, they were 5 for 5 last week all winners.
You moron, you don't understand options, that means nothing.
Doesn't really matter calls vs puts ... bottom line, if you are not hedged, you are playing a dangerous game.I am holding June strike $12 calls and puts.Good Luck !
May also indicate short sellers buying protection, which would explain the large drop today (unless you believe the opinion of a PhD student carries that much weight in the market).