Oct. 9 at 2:40 PM
$BDTX Hoping Guggenheim guy is correct. The derivatives paint a
$2.50-
$3.00 bullseye for max pain, with far overpriced risk to value. Heavy premiums collected if it dies on the vine. If December targets are delayed/fail, what sort of fallout do we expect? Negative earnings report compared to prior quarter.
There's no paid milestones announced, to be paid for that data/result either. Let's push for
$4.75+
$5 range for support, in the next 3 weeks. If the vampires show up in league with delayed data, or a fail, then a beat back to the
$2.75 -
$3.25 range could be a week of daily 10-15% drops in a row. Back under
$3 potentially. That same pattern for the massive bull traps. I'd like to see this close over
$5 for sure, prior to earnings. With certainty, we have a safety net around
$3. There's just no way I move from
$2.50 to
$5 options and pay either premium without getting my head checked; until the price is well above
$5. Less than 30 days until quarter results will post.
