CFRX puts were cheep and 27,000 oi !

Some months ago i almost sold some puts on CFRX. This would have led to a disaster.
Premium was really high but today you know why.
 
Same happened yesterday to HGEN after disappointing results of its Covid vaccine study: stock down 80%...
Unfortunately I too was negatively affected: 18% down on long term options :(
But such big downs and ups are "normal" in the Biotech/Drugs/Pharma sector...

HGEN_crash.png
 
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