Replies to post #156808 on Biotech Values

[researcher59]

SRPT PUTs will probably remain very pricey until the FDA decision .... the very high option premiums reflect the uncertainty surrounding that decision and the big impact it will have on the stock price.

[Double_Bagel]

the puts are high now..that should level off..wonder what the author paid for her puts

The author is a dimwitted moron. She purchased the May $7.5 puts for 20 cents. A couple of days later she saw the bid / ask as 20 cents / $1.80. She was boasting on twitter that she already had a 300 to 400% profit on her puts -- her online broker was listing the value of her puts at $1.0 (the mid point of the bid/ask).

Needless to say she was mercilessly hammered on twitter after that boast and deservedly so.

https://twitter.com/search?q=aafiac%20puts&src=typd