Basic Options stuff
Options strategy for high IV CRTX Nov'21
- Thread starter thecoder
- Start date
Basic Options stuff
That system has worked fine, it protected against a loss, moreover it looks like it earned even the full credit.
Aftermarket the spot has fallen to 17.28 (-70.04%) or so, but it is also important to know the new IV's for the 2 strikes as it's important for the PL calc since the option is still valid till Nov 19. Tomorrow we will be able to see the new result better.
https://finance.yahoo.com/quote/CRTX/options?p=CRTX
This result means the company has not got the FDA approval for its Alzheimer drug product, ie. the study data were not good.
My condolences to the poor guy(s) Long @ Call strike 185
See also this analysis of this devastating result for the company:
https://www.investors.com/news/tech...es-its-mark-but-there-is-a-caveat/?src=A00220
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185 calls??? They got off easy..
That system has worked fine, it protected against a loss, moreover it looks like it earned even the full credit.
Aftermarket the spot has fallen to 17.28 (-70.04%) or so, but it is also important to know the new IV's for the 2 strikes as it's important for the PL calc since the option is still valid till Nov 19. Tomorrow we will be able to see the new result better.
https://finance.yahoo.com/quote/CRTX/options?p=CRTX
This result means the company has not got the FDA approval for its Alzheimer drug product, ie. the study data were not good.
My condolences to the poor guy(s) Long @ Call strike 185
See also this analysis of this devastating result for the company:
https://www.investors.com/news/tech...es-its-mark-but-there-is-a-caveat/?src=A00220
True, but OTOH the stock was trading at around $120 or so in early August. Still a long distance from there to 185, but comparable to the downdistance of today's aftermarket. Here's an overview with a small 6-month-chart:
For historical research/study here are the Call and Put options of yesterday at market close.
The ATM IV's are above 500% and have been above 450% for the last weeks
The awaited FDA event (ie. whether the drug will get FDA approval) fell after market close.
Btw, at the moment of this writing the stock price fluctuates wild around $16.50.
The ATM IV's are above 500% and have been above 450% for the last weeks
The awaited FDA event (ie. whether the drug will get FDA approval) fell after market close.
Btw, at the moment of this writing the stock price fluctuates wild around $16.50.
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D-Day? What is meant by D-Day?
Decision Day of an event, f.e. the date on which the FDA decides about approval of a new drug candidate etc. It's an important date b/c immediately after the public release of the decision the stock price reacts accordingly due to the increased buy/sell actions in the market...