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Biotech / Medical : AtheroGenics, Inc.{AGIX}-nasdaq
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To: kenhott who wrote (189)3/30/2006 1:44:38 PM
From: tuck  Read Replies (1) of 332
 
Check out the option chain for AGIX. The big money seems to be betting on movement after July. What kind of movement I am not sure. The IV for October options is much higher, and the January '07 options higher still. The '08 leaps look relatively tame. I'll continue my covered call campaign till July or so. Right now, I'm simply long, waiting for a good enough rise to write some 17.5s. Or should I say, hoping for a good enough rise to write some 17.5s.

Cheers, Tuck
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