EXAS April options mis-priced

The off-label (for lack of a better term) use in Crohn's and IBS would be a huge potential market. I >doubled my action this morning on the dip. Avg on the long is now 10.60.
 
Quote from Landis82:

The market-cap is only $670 million.

There are 5.8 million shorts out there that have been betting on management not being able to execute. Thus far, they have met their guidance every step of the way.... and have only been one month behind their "time-line" that was offered over 2 years ago.

In the past, if you have bet against CEO Kevin Conroy you have lost.

I'm long the may buy rite.

I don't think 8percent short interest is meaningful.
 
Quote from Landis82:



In the past, if you have bet against CEO Kevin Conroy you have lost.

i don't have a dog in this fight so i'll just leave it at this...it only needs to happen once to cause a big loss.
 
Quote from FrankSlaughtery:

i don't have a dog in this fight so i'll just leave it at this...it only needs to happen once to cause a big loss.

So why do you feel the need to "comment" on a Company and technology that you know nothing about?
 
Quote from FrankSlaughtery:

i don't have a dog in this fight so i'll just leave it at this...it only needs to happen once to cause a big loss.

everyone knows there are no sure things..
 
Quote from Landis82:

So why do you feel the need to "comment" on a Company and technology that you know nothing about?

i was NOT commenting on a company or technology.
i agree i don't know anything about the company or the technology.
i was just trying to help others traders realize that not everything drug will approval at each step and that they should hedge/position size accordingly.

so unless you went to harvard medical school you can't comment on a trade? this is elite trader not elite doctor.
 
Quote from newwurldmn:

i'm done positioning my trade:

33% long may 12 buywrite (cost basis 9.5)
66% long common with may 9 - 12 collar (cost basis 11)

Can you explain how you landed on this combination? What would the advantage be over, say, 3 collars?
 
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