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Biotech / Medical : Biotech Valuation
CRSP 55.28+5.3%3:59 PM EST
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To: Sam Citron who wrote (13326)10/6/2004 12:41:25 PM
From: f_mcknuckles  Read Replies (2) of 52153
 
Options seem way underpriced in general. Stock volatility is at about an eight year low right now:

finance.yahoo.com^VIX&t=5y&l=on&z=m&q=l&c=

And as someone pointed out, markets don't tend to follow normal distributions (fat tails) so volatile events happen more often than they should. So keep in mind two old sayings:

"selling volatility is like running in front of a steamroller and picking up nickels."

or

"people who sell volatility eat like birds and shit like elephants"
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