Yeah, I initiated that strangle when the stock was around $40 so the position is currently profitable since the I/V is still in. I've had sell orders in a few times in the past few days when I figured that I didn't want to get greedy and wait for the verdict, but the spread and pricing of the options right now are kind of ridiculous and hard to deal with (still haven't sold anything). I think I'm going to hold for the verdict. If we get a favorable ruling for KCI, it should make it through the $55 strike easily. I still believe an unfavorable one will bring it down to $20. I'm nervous but excited as I think this could be a good play.
Verdict is expected either tomorrow or Wednesday.
Thanks for lookin' out. =P
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