Myron's niece, Esmerelda, worked for Flaxxico Porous, a pharmaceuticals company with a pipeline of drugs in various stages of testing and FDA approval. Esmerelda had recently called Uncle Myron to let him know that their most promising drug had been approved by the FDA and was scheduled to hit the market within days.
Myron immediately got to work. He bought call options on Flaxxico and advised all his clients to do the same. He was certain Flaxxico's stock price would shoot through the roof...
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