FDA Plays

[InTheTrenches]

OB:

Putting it in risk-reward terms might help to clarify:

What is the risk if they get a CRL? $10-12?

What is the potential gain? $35?

There is also the possibility of approval with a restrictive label, in which case we could drop to $20 or below.

Risk-reward seems to be even or a little on the risk side...you could lose or gain ~50%.

That said, I'm playing options on the positive side, with a few protective puts.

Good luck!