when did you set your options to expire? at strike price of 200?
Borisli
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although wedge is falling, do you expect it to gap up as it consolidates towards the end of the wedgE?
UnknownUnicorn1020621
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@Borisli, It will gap up, my calls are jan 18 2019 strike 200 Bought at $455 per contract.
Borisli
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@Avasreader, my exchange is showing strike price up to 150$, I cannot purchase for 200 strike price, do exchanges behave different?
UnknownUnicorn1020621
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@Borisli, maybe us and Canada difference but then again I am at a loss on this one temporarily
UnknownUnicorn1020621
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@Borisli, I suggest buying a lower strike price around 150 for a sure gain, 200 is a gamble
Borisli
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@Avasreader, thanks I will check contract price
Borisli
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@Avasreader, approx what time frame (amount of days) that you are anticipating gap up to happen?
UnknownUnicorn1020621
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@Borisli, I do not know, but I think the money should flow in close to FDA approval. I am taking the position now because it already broke out and I like to avoid my risk as much as I can