Review: Assigned put in the money. Proceed to sell covered call on this to exit this trade.
The entry was made due to chairman of the board was purchasing. 2 Other director also joined in this trade after the entry of the options.
However, same as other biotech stock that closed this month. I should be looking to reduce the number of short put position I hold in this industry as this might not work that well with the short put strategy due to its high volatility. We shall see after this trade exits.