NVO: collect 0.75% premium from this cash secured puts with strike at $65.
Contract expires in 2 weeks on 25th July and it's the 3rd continuation trade I've setup on this counter.
After the break up between NVO and HIMs, both companies suffered a drop in stock price. While the partnership had collapsed, the market for weigh loss drugs are still competitive, in high demand and lucrative.
Guess it's picking some potential value while the company navigates its next move. Usually they might partner with another player in the market for the same functions as HIMs and business as usual. Time will tell.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.50 1Lot(s) | -- Closed |
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- PagRobinson·07-15Your strategy sounds solid, especially with the competitive landscape for weight loss drugs.LikeReport
- CINDYTAN·07-15smileLikeReport