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!