Speculative Bullish Options Positioning in TESARO (TSRO) Targets 74% Upside in Shares Through Mid-Jan -Susquehanna
Susquehanna options strategist Alison Edwards notes speculative bullish options activity in TESARO (NASDAQ: TSRO), as an opening investor bought 5k Jan 50 Calls for $2.00, untied. This investor breaks even on a 74% rally in the underlying through mid-Jan, which includes a phase 2 trial of the company’s Niraparib AVANOVA drug.