RigsTx said:AG 2000' said:
Can we talk $SAVA for a bit? I'm poking around call spreads for this month and next.
Their big catalyst falls in between - presenting at the big Alzheimer's conference July 26-30.
Everything is absolutely juiced right now, but what makes sense? Feels like run up continues next week.
Looking at August calls, they top out at $150.
No Alzheimer's drug has ever shown cognitive improvement at nine months, which is what they will be releasing results on at the conference. So this is the mother of all lottos - if they have good data it will be first of its kind and it's going to go absolutely nuclear. So clearly August calls come with more risk than next week's.
Sorry for the stream of consciousness, just curious if anyone has any opinions on spreads coming up. Guess this could include LEAPs too.
I'd be curious to get some thoughts on this too. I had some Jan '22 $150 LEAPs that I phased out of last week thinking we would have a cool off period. That obviously hasn't happened so I'm looking for new ways to play SAVA to take advantage of the conference at the end of the month.
Would welcome opinions from those more well versed than me.
I entered 7/16 $110/$120 call spreads this morning on SAVA. Caught it on the early dip. Currently sitting about $3.60 on the spread, was $2.60 when I got in.