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Biotech / Medical : Rigel Pharmaceuticals, Inc. (RIGL)
RIGL 42.83-0.5%3:59 PM EST

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To: idos who wrote (416)1/27/2009 3:26:36 PM
From: tuck  Read Replies (1) of 566
 
Thanks for that. I looked into the options just now. Indeed, the OI is highest in March series by a good ways, and is about dead even puts versus calls. I am tempted to sell some Feb calls against my position on the theory they will expire before anything major happens. I'm guessing clean data would move the stock some, but not a lot, while bad data will whip it. Hence my inclination to hedge a bit. The better strategy might be to take my very modest profit and stand aside for the data, and if good, buy the first pullback . . .

Cheers, Tuck
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