Wth SAVA!!??

I am going to get assigned 800 shares at $13.81 cost basis lol. I was dinkering with my spreadsheet and thought I had some calculation messed up when I saw the totals

 

That's gotta hurt!!
Did you miss read the chart?

 

Yikes. Dems da breaks.

 

Why wrote put on SAVA?

We knew for a long time they manipulated (faked) their data.

 

Charts don't tell you that.

 

I didn't look at anything, didn't even know what they did. I just saw the high premium and said I'll take it. It's not like it went up crazy in like a couple days. It's been bouncing between $20-$30 since August... I always see it on the high vol list.

I'll jusy hang on to it until they pump it up again for whatever b*******. If I catch the next pump could be 70k profits LOL.

 

No, but if you care to dig in and read the science, you would have known.

If you want to trade options on biotech, it is job 1.

 

Yes, like AMLX for ALS, you may want to wait for the next bounce and get out.

 

No time for that lol...it goes both ways. I'll just catch the next pump. Can probably get decent premium...and I may load up some shares as my Wisesheets is showing phenomenal Z score??? They have good financials??? No R/Splits?

 

This is different from AMLX, AMLX went from ~$20 to ~$1.70 a share when they announced their ALS drug did not work and withdrew it from the market. In that case the cash on hand was >$6.00 a share so the market overreacted.

SAVA's case on hand is < market cap, unless they can reverse the trial results, it won't get better.