Biotech Values

[Rocky3]

Options players risk losing money by knowing less about Lovenox event timing than they think they do.

And long owners risk losing money by knowing less about Lovenox event timing (and final result) than they think they do.

And shorts risk losing money by knowing less about Lovenox event timing (and final result) than they think they do.

So, you take your chances no matter how you play the game.

IMO, you make money "taking tarts when they are passed." With the huge increase in implied volitility today, money was given away to those who sold volatility. If something happens in the next few days to cause the stock to move 50% either way, the buyers (of volatiltiy) will have been right. They have not been right for 4 years or more but maybe their day is coming.

The spreads are still huge, but the opportunity loss for those not participating is also huge.

JMO.