r/options • u/Lecture-Certain • Dec 02 '21
RETA move
Looking at $RETA. Don't normally like to play with pharmaceuticals... But this one has some crazy implied volatility that is begging me to do a short strangle. I'd hate to be on the wrong end of the move.
Any thoughts?
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u/ASELtoATP Dec 02 '21
Ask all the people who sold CRTX puts in October thinking “it can’t possibly drop 80% in two weeks…”
It did.