Vega is the candy

IV at 303% when historical volatility barely makes it to 200% makes this trade a pretty easy one imo. There's a very minimal chance that a gap would find higher values of $40 - or less than $4. Anyway, I'm not holding this options once the theta fat is gone.

Sarepta Therapeutics: Patience Will Not Be Rewarded
Stock Falls, Janney: 'Stay on the Sidelines'

Trade closed: target reached:

That one was fast. 50% profit taken.