I sold puts on SWTX. The implied vol is so high that that the stock will need to fall a lot , and it has already fallen a lot. The mkt price is not priced in any M&A deal now but options still think there will be.
i am also thinking to do the same on MRNA. Ceo bought $8m and company has fallen to cash value. Puts are expensive.
on friday, at around 8pm, the metro train killed someone who transpassed near Greenwich CT (if u dont know, Greenwich has 10 billionaires, is where folks like ray dalio, steve Cohen, drunkenmiller lives). I don’t know if it’s accident but i suspect it could be suicide.
Literally blood on the street.