SAVA Hey jtsurfah,; nkd puts

    SAVA Daily View

    Posted by ridgetopab on 11th of Jun 2021 at 01:43 pm

    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.

    Good luck


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