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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: I. Luttichuys who wrote (818)5/6/1997 8:14:00 PM
From: Don Cheng   of 1762
 
Hi Bennett, I bought some Oct 20s recently. When the stock price went over 20 yesterday, the option price apprecition did not follow the "in the money" pattern. It actually increase slightly less than the actual stock price. Can you tell me why ? Thanks.

By the way, it is a good bet to hold on to the July 25 call and I believe we will see 25+ very soon !

Don
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