Yes, but all kinds of crazy strikes trade in DNDN -- there's been activity in $10 (!) puts also... The stock has near-infinite IV.
the company doesn't make money, and if it ever does, it won't be a lot. If you were a client dying of testicular cancer, would you pay $100,000.00 for approximately 3 months of additional life, where you have to go through a complicated blood transfusion that may have additional risks? ...I wouldn't. I also won't short this because there's way to many people that love to invest in "exciting" ideas.