My game plan and the one that I have persuade some people around me to believe me is this:
On the basis of I believing DCVax-L will be known as a success anytime this year and in first half of next year,and the success of DCVax-D next year or earlier,
No reason to buy any puts, or short the stock;
I have loaded up shares immensely at an average of about $5;
I have also loaded up 2017 $3 and $7 calls immensely when stock price drop to unbelievably low last summer. Now these calls are hugely profitable.
I intend to sell nothing at this moment, and if price is not somewhere around my anticipated range which at this time is around $10 ~ 20.
So if for what reason, the price goes down to $6, or even $5, you can bet I will load up more if there are no change in my assessment of ultimate success of DCVax (just either of L or D).
I may not sell any at all before the price reach at least over $30. So when to hedge, at this point, I see no reason to do so. My best "hedge" may just lock enough profit at a right time period.