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Sarepta Therapeutics, Inc. Message Board

  • economidas economidas Mar 23, 2013 11:31 AM Flag

    Serious question Serepta Calls

    I've been long SRPT for some time. Wrote some covered April 45 calls on Tuesday of this week, believing the stock might retest or remain in low 30s for a bit longer.

    Yesterday, the stock is down .79, & the April 45 call goes up .35 to 1.85 on pretty good volume for an out of the money call by $12. Any serious feedback appreciated.

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    • stock_option_investor stock_option_investor Mar 23, 2013 10:29 PM Flag

      You should be safe as the news may very well not hit until right after option expiration. Even if it does hit early though, $45 could be it on the upside, and you'll get all the capital appreciation as well. If I had to forecast, options will expire worthless and then the announcement will hit & you'll get the best of both worlds.

    • Personally, I think that was a risky move. If the FDA encourages SRPT to file for AA, the stock will almost certainly hit $45. Whether or not that comes before April opex remains to be seen. Close call.

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