Sep. 13 at 3:12 PM
$RARE if you never won the lottery this is your chance. A
$500-
$1,000 bet this week could make you tens of thousands.
$17.5 calls for this week expiry are trading for
$10, this has a very high chance to hit 10-30x. Approval due September 19 but probably will by announced by Friday 18.
RARE is not a very popular stock among traders and most traders on X never even heard of it so market makers have no interest to manipulate the price in order to punish the options gamblers.
100% own by institutions so if approval happens this goes above
$20 very easy, if not probably wil stay around
$14 -
$15 for a longer time.
You saw those big block of puts for October, those are just hedges of the institutions positioning ahed of the FDA decision .
Stock price is very depressed and already priced in the worst of the outcome, most capitulated already on this trade.
Even for the long term this is a good buy with asymmetric risk.
You buy the fear, this company makes almost
$1 billion yearly.
