You are assuming it uplists and then further assume you will be able to buy options or leaps anytime in the near future and at the strike and expiration you want. It is not a given the options will be available soon. I would start a comfortable position and then stand on the button waiting for news.

Only 3 things can happen on the news, 2 of them are bad, just wait. There will be plenty of time to make money after the safety is well established. That is the reality of biotech. Having said that, I am in as far as I can go without a 2nd mortgage, lol.