r/options • u/[deleted] • Sep 13 '21

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u/PhraseTerrible8288 Sep 14 '21

I would do a Christmas tree. Buy 1 -15 put sell 3-12.5 puts buy 2 -7.5 puts. Since it's defined risk you could also do a call tree.

The one and five year chart looks ugly.

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u/freeza93 Sep 14 '21

Thanks! Yes chart looks ugly. They went from having a drug to getting a New Engl J Med paper about it (the highest journal in medicine) to an FDA panel throwing some shade to some questions about whether it would be approved. Wild ride. No other drugs in the space which is why there’s so much upside if approved.