Revance Therapeutics Inc (RVNC)

[jmkobers]

<<Has anyone tracked the history of the put position jmkobers identified back in March?>>

Don't bother (knock on wood) - should expire worthless in 2 days. Puts were 15 strikes with 2 buck premiums, which meant buyer wouldn't be in money until shares were under 13.

It was a massive bet (IIRC ~300k shares), and the buyer purchased those puts in late March/April. I must admit when I saw -25% the other day and knew more pain was coming if company said nothing- it had me thinking about the big bet someone made and wondering if there was any way possible someone could have forecasted the last 6 months that accurately. I concluded absolutely no way in holy hell and went to bed :). Regards, Joe