Got to love the fact that I bought the September call option friday when the mid fell down to 95 cents with the stock price at 3.04. Went as high as 3.21 that day yet somehow the MMs didn't see fit to raise that option price at all. Now its at 3.09 just a day later and strangely the mid has fallen down to 88 cents. Bunch of pricing malarky! Was hoping to sell it at a buck today, then buy the underlying stock instead, which I figure I'll do inevitably before the CHMP meeting in February anyways. Hate getting ripped off on the option price manipulation though, it should be running tangent to the movement of the stock price.
Right now there is zero interest in the stock so they can manipulate however they want. No offense but I am guessing you are holding all 7 sep 13 2.50. With this kind of option volume, the market is really saying much ado about CRIS.
Which kind of surprises me given that Curis is an innovative small cap bio with offerings that are quite novel to the field of cancer treatment and a CHMP decision that is by now overdue, especially considering the amount of attention and volatility that ARNA has been receiving lately. All in due time, I suppose.
Think I'll just try to sell it at the price I bought it tomorrow. If I can do that I'll ignore the fact that the mid never budged despite the stock going up 5% over the course of the day Friday. If I see anymore nonsense though I'll be complaining to my brokerage. Guess that's a lesson not to buy options that have such low volume in the first place.