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 ...
Each leg is worth (both put and call) $0.22, which means the whole op costs me roughly $0.44 for 1 stock.
I'll be also gamma scalping to reduce costs (since it's -$440 for every 1000 stocks, I'll try to get that to 0.)