CRTX November very high IV (480% !), and big position at far far OTM 185 strike

newwurldmn said:
why is that unrealistic?
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The company has other products already, and even other new products in the pipeline, so the company has a certain value even if the latest expectation all are waiting for at the moment shouldn't pass the FDA approval etc... I mean thought logically...

The decision (presentation of the data for this new drug product against Alzheimer disease) will fall mid November as stated in the FDA calendar (cf. link in posting #3 by CET above and search therein for CRTX).
 
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thecoder said:
The company has other products already, and even other new products in the pipeline, so the company has a certain value even if the latest expectation all are waiting for at the moment shouldn't pass the FDA approval etc... I mean thought logically...
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What is that value?
 
newwurldmn said:
What is that value?
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A maybe subjective percentual value for the company after the D-Day decision.
If it is now 100% (at spot 75) and the FDA decision is negative then company will IMO still be at least 30% worth (ie. spot then about 22.50)
 
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thecoder said:
A maybe subjective percentual value for the company after the D-Day decision.
If it is now 100% (at spot 75) and the FDA decision is negative then company will IMO still be at least 30% worth (ie. spot then about 22.50)
More...

If that's your belief, then you know what the right trade is.
 
newwurldmn said:
If that's your belief, then you know what the right trade is.
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Yep, unfortunately atm I'm practically grounded, lack of enough funds for options... :-(
If anybody wants to hire me as options guy (picker/researcher/analyzer/coder/programmer/developer) you are welcome... Need to make some bucks ASAP to get back into the game... :-) Currently doing stocks only with a mini acct, boring... :-(
 
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