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Biotech / Medical : Biotech Derivatives
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To: RWReeves who wrote (467)6/6/2000 7:23:00 PM
From: RWReeves  Read Replies (1) of 555
 
Looks like my covered calls on TGEN may be coming home to roost. This is always my nightmare scenario=stock soars, you are covered for the call you sold but know it will probably tank before expiry and it is too expesive to exit. I'd straddle but the chickensh** longs (like myself)are keeping the puts too high.

Sell the long? And leave me with a naked in the money call outstanding?

Sigh. Buy and hold. Poor Stefaan you are even deeper underwater unless you bought back the calls.

RWR
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