ertsfan

Buying ViroPharma Ahead of June 3rd FDA Decision

A less risky way to play this is, buy the July 7.50 calls (90 cents) or the August 7.50 calls ($1). If you go long by buying the shares @ 6.88, and the drug gets dinged or delayed, the share price will no doubt drop more than $1. If the FDA approves the drug, you'll be in the money so long as the share price exceeds 8.40.