Description
⋅ Looks like a decent setup, but possibly early and unpredictable.
Dec or Jan calls are cheap enough for a tiny position.
Trade active
⋅ Nice breakout.
Options are surprisingly not too expensive so I picked up some March 2.5c. Tiny position.
Comment
⋅ I had purchased Dec20 5c considerably lower (30 cents?) and yet they are just now breakeven.
Shows how bad time decay is on near term OTM options. But they are ITM now so I think if CPRX can rally the rest of December they are good.