Well I couldn't keep my hands in my pocket...I did sell the 7.5/2.5 and covered this morning with $1 loss..just didn't want to be stuck with this dog
Well, sh*t happens. But at least you did your due diligence and chose an option strategy that enhanced the risk/reward distribution. Losing positions are part of the game... but why increase the risk? With these FDA situations, I try to scalp the underlying as soon as the news is out, particularly when the news is bad. At $3, it's hyper liquid and sometimes with a wide B/A spread, you can get good, quick fills in between. I leave the directional stuff to those who know what they're talking about