Well, we got that. Yup. Luckily for me, my sold puts expired worthless a few days ago.
To a small extent, it seemed like other I-O plays were affected. I slept in a little and missed the initial fear spike down. At best, with JUNO, it will take some time to figure out a way forward.
May need to infuse cells in the presence of a modulator, and slowly release the brakes. Need transformation-specific antigens, and tools to recognize extremely "weak" ones. Presumably they'd have to study this in an animal model first. My WAG is more than a year to do this, maybe a lot more (unless they've already been working on this, when the first hold pointed to a possible need). KITE will beat them to market, unless they also stumble again. I've not followed them closely for a few months, but it's now on my to-do list.
Do other I-O plays look relatively tasty after this setback? I hold a bit of ADAP, and can't decide whether or not to add.
Hard to say if the overall market is getting toppy. What's the expiration date on the Trump call? I've sold a number positions lately, and await the next general correction to take bios down with it. But will attempt short term put sales in liquid issues when I think I see a fat pitch, regardless of overall market. Hence my renewed interest in KITE.
Cheers, Tuck |
