Trading options over the past few years has taught me a lot about being right at the right time AND being wrong at the right time.
If our absolute cutoff is $7.95 then it gives around -10% downside ignoring fees.
The play isn't soley based on the chart or the hype around LK-99.
It has to be on the overly pessimistic attitude of the average individual who has run across this story and now is convinced it's over because they say so.
They have bias, and perhaps so do I.
Managing risk while maintaining an optimistic view of the future is what excites me most about being in these markets.