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Biotech / Medical : Biotech Derivatives
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To: bluejeans who wrote (422)9/30/1999 1:20:00 PM
From: LLCF  Read Replies (1) of 555
 
CLTR- April 12 1/2 straddle traded 1000x for 7 7/8... I'm being told that First Boston SOLD the straddle and market makers bought it... I find it hard to believe that an institution would sell that straddle unless they bought a boatload of stock and just don't care about the upside. I'm not sure I believe my source on this one. It's usually the poor schmuck MM's that take pipe on these types of things.

DAK
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