IDPH--Positive preliminary results for pivotal trial of ID Message Board

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

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To: guido leone who wrote (903)	5/22/1997 2:01:00 AM
From: Howard Hoffman	of 1762

Guido, Please enlighten me. If someone sold 750 July 22.5 puts, then someone else bought the same. Why is this so bullish? Just because of the increase in option activity? I understand why someone buying calls would be bullish (although once again, # bought = # sold). Why is someone selling a bunch of puts so bullish? Thanks. By the way, have you noticed the total lack of volume since the recent low and rebound? Today, the first day with real volume and IDPH is up. Looks good to me. Annual meeting tomorrow. Should be interesting. Regards, Howard

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