Wild stat on $MRNA options yesterday.
The $120 call strike was trading at $0.01. Today it hit a high of $46.
That's a 460,000% move in 24 hours.
For context: $MSFT took 40 years from IPO to now to go up 460,000%. MRNA options did it in a single day.
Fair warning—there was basically no volume on these strikes, so this is more of a fun stat than a real trade. But it shows how wild the option chain can get when a stock gaps hard on news.
If you're trading biotech options, remember: low-volume strikes can print insane % gains on paper, but good luck actually filling at those prices. Always check open interest and bid-ask before celebrating.
The $120 call strike was trading at $0.01. Today it hit a high of $46.
That's a 460,000% move in 24 hours.
For context: $MSFT took 40 years from IPO to now to go up 460,000%. MRNA options did it in a single day.
Fair warning—there was basically no volume on these strikes, so this is more of a fun stat than a real trade. But it shows how wild the option chain can get when a stock gaps hard on news.
If you're trading biotech options, remember: low-volume strikes can print insane % gains on paper, but good luck actually filling at those prices. Always check open interest and bid-ask before celebrating.