Hi, first time posting on this sub. I recently closed my covered call position on ABEO and noticed something interesting. News broke early Apr 29 that they had achieved FDA approval for a drug they developed, and the market had a mildly positive reaction, up 13% premarket but then sliding down and finish the day slightly down.
[https://investors.abeonatherapeutics.com/press-releases/detail/303/u-s-fda-approves-zevaskyn-prademagene-zamikeracel](https://investors.abeonatherapeutics.com/press-releases/detail/303/u-s-fda-approves-zevaskyn-prademagene-zamikeracel)
My 16 May $5 strike call experienced big-time IV crush the same day, going from 257% to 85%. Fast forward to the next day, April 30, and the stock explodes despite nothing else changing in the news. I found this puzzling. Was everyone asleep at the wheel and only saw the news a day late?
