Apparently you do not understand what I am saying...I think that Woodford took out a 2.3 million short position to prevent the stock price from going lower. Whether he bought or sold the puts is a whole different argument...
I guess I am to blame for the confusion...I called it a straddle, that was the wrong terminology. My fault. All I am saying is that I think that Woodford sold 2.3 million shares short in an effort to limit the downward momentum in share price that is likely to occur at options expiration...or, as Flipper suggests...the IBB goes lower, which will drag on NWBO due to index funds.
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