If you insist on going with the options, go out to July at the latest. We believe the stock will be in a trading range from the high tens to low 15 by June. If a perfect world exists, we think low 20 s. Eventually up to 50. I would want to own the stock by June if I had to bet the farm. Good luck.
I am no longer buying the options. I had 100 Feb 10 calls bot at .15 and missed a huge return by a few days. We see the next leg up to 22. If we correct in here, we think high ten's for buying more. Upside in the long run could be another Amgen or qualcom. Next abstract release scheduled for June. If the drug doesn't turn to jello, it will be huge.