Anybody watching NVAX? Sweet vola....

[smallfil]

skeptic me would not be buying.

I'd consider looking 'sell to open' the July $15 naked put, play time decay, exit the position 'buy to close' in June when the option price dropped 70%

https://www.barchart.com/stocks/quotes/NVAX/options?expiration=2020-07-17-m&moneyness=allRows

Just got out today on 4 days holding, 388% return. Not everyday is like today but, it comes once, in a while. That is why I am an options buyer. I will take the 40-50% win rate and 3 to 1, win/loss ratio.

 

[never2old]

Just got out today on 4 days holding, 388% return. Not everyday is like today but, it comes once, in a while. That is why I am an options buyer. I will take the 40-50% win rate and 3 to 1, win/loss ratio.

^^ well done, agree ... options is 'about the numbers, just the numbers'

it's another way to play the market - with a 'caution' one needs to know what they're doing with zero emotion/zero attachment.