How low is the bottom if not approved...will it be supported for the hope of a later approval? Youve got to believe the big boys are selling options on these kinds of premiums and will try and keep it locked until after this months expiration. I am thinking of buying the shares and selling the 20.00 covered calls...that would fetch 5.20 per contract! on 1000 shares thats 5,200$ automatically without the stock moving! anyone else selling options?
I can't believe all the nonsense that gets posted here. People actually wondering what happens is the stock is not approved. That's silly. Look at the panel vote. That's all you need to know. If the price goes lower in the meantime, consider it a gift from Wall Street and buy more.