Intellipharmaceutics International Inc. (IPCI)

[grill4thrills]

If he's predicting just a 10-15% drop in price, and acknowledging the chance of a pop, he's probably long the call options, it just makes sense (and there is hardly a material open interest in the puts). Look at the October calls, you can probably snag them at .35 or .40 per share. By October, we will see at least the Rexista filing. Compare that to PTIE who is only at that stage and is valued over $ 100M for nothing more than IPCI has to offer (no current revenue/less ANDA & NDA pipeline potential) and IPCI's NDA is best in class (pre-PODRAS even). That's $ 4+ per share as a low ball comp in my opinion (which I believe a filing/acceptance will generate enough market interest to get there). Let's say this goes to $ 5.50 because that number has been thrown around so much, if he snags .40 Oct's, he'll bank a 750% return, while the long shares still generate 300%. If he believe's there is any chance at a pop, he wouldn't be short calls anytime after June/July (July cutting it very close), that would be silly. If the thought is nothing will happen until then, he could be short a some June/July calls and make a few bucks easy. Needless to say, there is big opportunity here.