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Strategies & Market Trends : Swing Trading With Options

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To: underdog430 who started this subject	7/25/2001 2:41:59 PM
From: tuck	Read Replies (2) of 88

Hi, Underdog, How about a play? I just bought some August 40 straddles on AVIR. It's going to the FDA with a nebulizer-delivered flu vaccine tomorrow and the next day. It is Aviron's only product of importance nearing commercialization. It is well known that the FDA is very timid these days without a leader. The action will be violent. I'm guessing either $25 or $60+ depending on how the committee decides. The straddle costs a bit over $14 now. I'm figuring ~$12 profit on the downside, ~$13 on the upside. Seemed like a good risk/reward to me. It may get halted tomorrow, so decide fast. Lots of liquidity in the options now. Cheers, Tuck

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