It's ok WXY... Nothing wrong can happen to naked put sellers without any level of stops. Worst case scenario stock goes to 0 or stays around 5 for the next 10yrs... You might be able to sell monthly calls for a penny or two. You probably had it all calculated and bet 1% of your account on it! I don't expect any less from a 2008 second hand lambo owner.
What do you think I bet the farm on it? lol .SAVA is a regular on the high vol list so not too worried about premium opportunities. Why would you use stops with a short put??? It's not like its going to help you when the price opens @ $4. This is why I always say stops are useless. I could have closed the position for about 50% profits, but I don't like giving premium back because it messes up my budget lol. This way I still have the premium, AND I hold shares.
You know it’s bad when you’re pulling up the financials trying to calculate the burn rate on a no drug company. You think SAVA’s management has credibility of BHVN’s?
I hope they're not credible lol! Either way no debt is surprising...good z score. The reason I didn't bother looking into anything is because I have seen SAVA regularly on the high vol list, so something is always cooking. My only concern down the road is a reverse split...but none yet. I'll just park it...only down about 7k lol...its not even my worst hold at this point.