You mean the buyer of the April $10 - $15 call spread at $1.95 stands to make $3.05 not the 2.05 that you stated. I myself make mistakes too, so not being immune to stating the wrong thing at times on here. I am wildly Bullish on CVTX, having recc. it below $9 and recc. The April $10 call at $1.50 a month ago and calling for it to hit $6.00 each by Aprils option expiration...
Andrew, you might want to check the facts when you say that Renexa is CVTX's "ONLY" drug... Maybe Tecadenoson (Approved) being sold for upfront royalties of over $150 Million might indicate more than 1 iron in the fire...
Take a look at Yahoo under Profile to see everything they have going on.
Wednesday Options Update: UTX, GE, USB, WMT, NTRS, BK & CVTX [View article]
Michael Levin
Thursday Options Update: LVS, CSCO, NWS, CVTX, BAC & WMT [View article]
Take a look at Yahoo under Profile to see everything they have going on.