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Biotech / Medical : ChiRex (CHRX)

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To: Haseltine who wrote (81)10/15/1997 10:38:00 PM
From: Randy Schmid   of 130
 
Great for the company, but crummy for me - I was contemplating getting several "synthetic long" stock positions using options (sell put, buy call for db/cr = 0 or slight debit. The strategy depends on doing this before earnings are announced - which were supposed to be next week. Oh well. Now I can look at the paper gain I would have had, buying the Feb. 25 calls and selling the Feb. 22.5 puts for about the cost of commissions.

Regards,

Randy
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