The POZN May 10 straddle has eased up a bit as the stock drifts back toward $10.00 this week, and now offered at $3.60, down slightly from $4.05, but still up from $3.25 two weeks ago. Current prices mean a buyer would profit with POZN above $13.60 (+32%) or below $6.40 (-38%). These options prices indicate expectations for a sharp move in POZN shares by May expiration (5/21). The May 7.50-12.50 strangle, is offered at $1.70 (down from $1.95 last week but still up from $1.40 two weeks ago). This means a strangle buyer (+1 May 7.50 put, +1 May 12.50 call) would profit with POZN above $14.20 (+37%) or below $5.80 (-44%). As
Always place Stop Loss order after buying a stock to minimize losses.I lost 100k by not doing so.We learn from our mistakes or may be from others who have done those.
Singh