Originally posted by kittymittens
The issue will be if WHA doesn't come through with CFDA in the next round. That won't mean it's not approved or won't get approval but SP reaction will be interesting. Again price this like a binomial option.
It could go to $2-3 or sub $1. Would love to straddle this if someone is willing to underwrite the options!
Had a chuckle at this one...
Be interesting to see where it does go from here today. It briefly bounced around 90 cents back in late June and I wonder if it will do the same again. Those that traded it back up to $1.45 did nicely and I wonder if the same opportunity will present itself again in the near term.
A material announcement from the company would change the dynamics completely of course.
I sold a few when it ran to over 60 cents at end of July, but certainly won't be selling any when it goes up in a few weeks in preparation for the IF announcement. Maybe sell some at $2.60.
