Replies to post #2192 on Revance Therapeutics Inc (RVNC)

[iwfal]

Not actually a bad idea. Potentially legal? Do a FOIA, if something bad is there then go short or buy puts. Then have two other ppl do FOIA’s (at which point the FDA posts it). (I knew someone who did something similar for satellite service providers - scraped the publicly available orbital parameters, made available via US Govt, every day. Then went short if he saw a problem. Then let it be known the provider was having problems.)

[jmkobers]

<<Has anyone tracked the history of the put position jmkobers identified back in March?>>

Don't bother (knock on wood) - should expire worthless in 2 days. Puts were 15 strikes with 2 buck premiums, which meant buyer wouldn't be in money until shares were under 13.

It was a massive bet (IIRC ~300k shares), and the buyer purchased those puts in late March/April. I must admit when I saw -25% the other day and knew more pain was coming if company said nothing- it had me thinking about the big bet someone made and wondering if there was any way possible someone could have forecasted the last 6 months that accurately. I concluded absolutely no way in holy hell and went to bed :). Regards, Joe