Trade Alert: Biotech Binary

One more swing at this one ahead of a potential catalyst.

Revisiting A Biotech With A Catalyst

Sorry for the multiple posts today, but my promise with this Substack is to let you know about trades I make as soon as I make them, and I just thought of this one. Taking another swing at a biotech we looked at last week. It comes from our Multibaggers list (X account accounts with multiple, documented 100%+ wins this year).

This company has a key catalyst this month (possibly as soon as Monday)—a data readout—and our trade is designed to give us a shot at convex upside going into that catalyst while strictly limiting our risk. Due to wide spreads, I calculated a Black-Scholes estimate of our trade structure to come up with a limit price to make sure we’re not paying too far over fair value for it. Getting a fill at a reasonable price here is probably a long shot, but let’s see what happens.

Details below.

Today’s Multibaggers Trade