Avid Bioservices Inc (CDMO)

[investingdog]

<< im heavily invested in feb calls. >>


$2 Feb calls are going for 0.15, Feb $2.5 ask is 0.05, bid is 0, none traded today yet. I would assume you have $2.5 calls and it will be hard to get anything out of it unless PPHM goes up some today or tomorrow.
Buying OTM calls is always a risky proposal, you should be prepared to lose it all. If I were in your position I would hang on to the calls I have and buy March or April calls on Friday. We should have some news within next 30 to 60 days.
I've been a writer of Feb 2 and 2.5 calls but will not do the same in March as we are approaching the end of p2 pancreatic trial.

You can still get lucky if we have some breakthru this week, and how would you feel if you sell your Feb options for peanuts just before the announcement. GLTY