If his plan was to buy puts for downside insurance
Post# of 144787
Should not be needed if your investment thesis is that future indications will drive the price up.
You could buy puts due right after a trial readout to cover for downside risk if the endpoint is not released but if course for a widely followed stock that is when the put insurance premium is the highest.
Looking forward to a time when we can think about these options - pun intended.
IMO
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