For every seller there is a buyer, I am covered on both sides. Sold covered call and bought some high puts and sold twice the amount of 15s. If you are long you have to protect yourself. Last Friday more than 200 contracts changed hands (15s) and I expect number to rise as we get closer to Apr 30th, JMO
That is another thing to think about beside more than 200 put contracts strike 15 sold every day for last 10 days.
Are you saying that positive test is sure thing? Why do you think hundreds of 15 strike puts are sold every day and they went up 10% in last few days.
I am a holder but don't put just a rosy picture out there. He also writes and I quote: Mr. Market does not believe that CLDN test will be positive and expect huge drop in PPS if it fails. Lets keep everybody informed about opinions out there and keep our options open.
I don't think it will drop that much but it will go down 70-80% and considering the run up prior to announcement it will settle 8-10 bucks, because they will have another go at it. CNAT is an example, when it failed it dropper 60% and now its on the way up again.
When it comes to bios you can never say and same thing with these stock gurus. Week ago Zacks had this rated #1 on the buy list now its HOLD, Nasdaq has 90% bullish and Stockinvestor has strong sell. You have to go with your own gut feeling.
My broker gives me $330000 buying power with $100000 cash.