Replies to post #2519 on Revance Therapeutics Inc (RVNC)

[10nisman]

The 20 options expiring today have a bid-ask of .55 - .85, with 491 on the bid side, if I understand the screen correctly. Very tempting, if called at that 20 the return is almost 10 percent in one day.

April 2022 options expire tomorrow.

[jmkobers]

With mere hours of trading left until expiration, of course the bid wanes. Last week it was a buck for the 22.5's. Really?

Just a hedge? Large hedge bets don't normally target a 2 week trading window where if you're wrong you lose it all, and with nothing of consequence on the corporate calendar. However, I was more optimistic last week because pps and bids made more sense. Less so now because the price continues to drift lower. At this point, why not just buy the underlying? And yet nada, nothing, no volume.

May not happen but I am not biting either. Trading very strangely IMO, let's see where it goes. Holding at this level should be profitable eventually unless the 3 batch test is just too tough for this management team, which is entirely possible