ACAD moving well

ACAD is up ~10% so far today moving nicely from yesterday’s entry point. I ended up buying some ARNA puts yesterday after the news was released. I took a bit of a chance buying the June expiration $12 puts – given the brief time to expiration I took a very small position. Stock fell from its post announcement open yesterday afternoon and has continued to decline today. I sold half of the puts this morning for a ~30% gain.

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