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Biotech / Medical : SABRATEK CORP (SBTK)
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To: mod who wrote (352)7/20/1999 2:59:00 AM
From: LTK007   of 487
 
dare say,it flunked.
But,I have been watching the options activity on SBTK,for November---no in between on this one.
On having seen the price go above 27 I thought there would be some cheap puts available--but there weren't.At about Nov15 they get reasonable,but even at 15 they remain above a dollar.
But on the call side you get the same situation,the calls are not cheap.
If the Nov15s puts were to get to one I'd buy ten contracts,and if they got to 1/2 I'd buy 20 contracts,but there is too much enigma and uncertainty for me to risk more than 1k on this. Max90
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