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Biotech / Medical : SABRATEK CORP (SBTK)

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To: Kevin Podsiadlik who wrote (294)7/6/1999 11:43:00 AM
From: mod   of 487
 
Volume is looking better (200k), and the pop is even nicer, up $2 3/4 or 12%. I liked the news this morning, so I added some more SBTK at $23 1/4.

At the current price of over $24, almost all of the outstanding July puts will expire worthless. Besides the increasing SBTK price, the decreasing volatility is acting as a double whammy on anybody who had the misfortune to buy puts. No way any put holders are in the money anymore. And anyone who did the "patented reverse combo" of buying puts and shorting calls, is getting killed big time.
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