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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer
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To: tuck who wrote (1651)1/11/2006 3:09:48 PM
From: Rocky9   of 1826
 
"Anyone else got a take or strategy here?"

FWIW, my strategy is selling 17.50 or 15 puts here. So far, I haven't made or lost any money on the puts, but I think that I should make some money at some point. I clearly have lost money on my longer term long position, but am staying long due to the munch possibility. I think that the put sales (on a monthly or 6 week basis) will eventually turn profitable.

JMO.
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