3309 Drysdale Ct
Edwardsville, IL 62025
SAVA - Chart Link - beautiful example of 9
day EMA bounce
SAVA - Selling 75 strike puts expiring next Friday for ~$530
each...a 303% annualized return, if the options expire worthless.
Could play it safer and sell 70 strike puts for $300 each
(176% annnualized). Also considering buying long puts
underneath to limit risk.
SAVA Hey jtsurfah,; nkd puts on a biotech name is a risky play
(especially on a bounce), best to have protection with a long put
covering (spread), without your risk far exceeds your premium
(stock price to zero = $-7500/contract or - 1,415%), not sure about
your 303% annual gain calc as return on expiry will be nearly
infinite %, (i.e. 530 gainn/0 cost (or commission + margin
cost if that applies)) * 365/7.
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