Its up 40% now lol.... I didn't buy any either and I WAS paying attention.HGEN HAS BAD VOLUME YOU HAVE ALL THE VOLUME VAN NICE JOB!!!
AMTX- I would of been able to buy at $2 if I had been paying attention.
Oh well.

Its up 40% now lol.... I didn't buy any either and I WAS paying attention.HGEN HAS BAD VOLUME YOU HAVE ALL THE VOLUME VAN NICE JOB!!!
AMTX- I would of been able to buy at $2 if I had been paying attention.

There you go again, not reading my posts lol....I know! Option players piss me off-- what's his or her risk? $ wise not that much and he or she can make $4 mil... if the case goes their way...
Looks like its a bear call spread, but he has 5K additional calls that'll pay off if it runs north of $8.
If it drops under $7 and stays there by expiration, he pockets $0.36 X 10K X 100.
They must have some kind of FDA approval type thing in the works between now and Sept 18th.
If that's the case, its certainly an interesting trade. If the stock takes off, it'll have to break $10.30 before this guy makes money. If it flops he pockets $360,000.
The worst thing that can happen to the guy is it closes right at $8, in which case he loses $1.15M. Had he not bought the additional 5K contracts, that would be offset by $360K so he would only lose $790,000.
Its a bearish bet really, but with the caveat that the stock really flies if they do get approval. (The extra 5K contracts @ $8)
Thing is, depending on what the drug is I guess, the $10.30 might not be a reach if they get approval. I mean you know how these biotechs move on news like that.
100k millenials all got stopped out this morning and now TSLA is probably going to retrace to the overnight high, around $538. So around $60/share if you buy now!!!!! I'm in for 40 shares!