Missed p-values could complicate things. I think it needs to be less than 0.05 to see a huge sustainable spike in price, but so many possible outcomes.
First time I've tried a credit put spread. I've been watching Tastytrade videos on youtube lately and it inspired this idea. Lost $150 today on a day trade trying to play a bounce on TQQQ. I'm short 1k shares on Ford Motor Company and long on some other stocks. Always looking for trading ideas, good or bad, if anyone wants to share.
lol np. I've risked quite a bit of money here on CLDN and would only gain if the stock goes up. I have a lot more at risk if the stock drops below $5 and stays there. Nothing I want more right now than to see Mydicar succeed and I haven't found anything so far that would lead me to believe it wouldn't, but one thing I've learned over the years is that noone is consistently correct all of the time on what they think will happen, not even close.
Sorry for the late response, I fell asleep. lol It was about a year ago. "Athersys stem-cell therapy for bowel disease fails in study". It was a study in ulcerative colitis conducted by their partner at the time, Pfizer. I stopped following the company, but knew about their recent study in ischemic stroke.
The reason I didn't play it was because of their other failed study. I'm surprised it bounced that much off the lows.
I might be paranoid, but I've noticed that the high flyers normally have inactive or passive message boards right before a catalyst and pumping message boards seem to not turn out so well for the stock. I'll play this out since I'm basically playing with winnings, but I am getting quite nervous. lol
That's what worries me the most. Not a good sign for a stock when you have newbies pumping. Could be gamblers that thought there was still time for a run-up. I've thought about abandoning my positions here because of that lately. We'll see what happens. Good luck.
I bought 10 MAY 25 puts for $2.25 and sold 10 MAY 30 puts for $4. Win $1,750 or Lose $3,250 max. PIII results mid Q2, which should be mid-May. 2nd PIII results mid-year, I think.
I made a mistake and bought without thorough DD. Nothing much I can do about it now. Might have to sit on this one for awhile. Good luck.
I don't play poker anymore. lol Biotech investing/trading past 5+ years. My upside is profit on 1k shares from $15.65 and down.
Another thing to consider is the p-value, which needs to be better than 0.05 to consider applying for marketing authorization in Europe without an immediate phase 3. At least, that's my understanding.