SRPT - that must have been a bad quote .... the May $7.5 PUTs are currently bid/ask $0.05/$0.20 .... so I believe her that she paid $0.20, but if she sells now at the bid she'll take a 75% loss.
In any case, the chances of the stock being down below $7.5 in May seems extremely unlikely regardless of what happens with the FDA.