Sorrento Therapeutics Inc (SRNE)

[KCAC]

I bought calls when around $15 the Aug were less than a $1.00 and Dec less than $2.00 both were up 500% or so. I bought both over several days and hoping SRNE moves big with the IPO as I want to unload the Aug calls. You know PSS mentioned taking Nantworks public by years end. There are now March calls, if SRNE moves big with this IPO it should move up with the next as isn't the JV deal with Nantworks?

NK getting big press. IBD article below. Anyone think the recent selling was due to raise cash to buy NK? I sold options to buy but have held my shares. I am thinking some may have taken SRNE profit to buy NK.

I think NK market cap will reach $5bil or maybe more quick, so 7.3% of that is getting close to $400mil in assets for SRNE. I do not know what they have it on the books for now, anyone know?

http://www.nasdaq.com/article/biotech-ipo-boom-gaining-thrust-with-nantkwest-debut-cm500848