Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Joe E. who wrote (2573)	10/30/1997 1:41:00 PM
From: Randy Schmid	Read Replies (1) of 6136

Right you are, Joe. And my 55s are a little too out of the money. I also own Feb 50s which I'm letting stand - out of the money by about 15% currently - got em pretty cheap. So the overall position in Feb is pretty bullish. Holding off on doing anything with the Mays - still have plenty of time to decide, and who knows, announcements may give things a boost. Just successfully (almost) rolled down. I owned Feb. 55s - sold em at 3 1/4, then bought Feb. 45s at 6 5/8, then sold Feb 55s again (to open) at 3 1/4. Not quite even money exchange, but at 1/8th point difference w/o commission cost included, I'll take it. FWIW, got the 55s back a while ago when the stock was at about 53.5, they cost me 7 3/8; Thus if AGPH is over 55 at expiry in Feb, I can still make 2 5/8 on the spread, or about 30+ % at maximum. Better than nothing! Hope I'm proved horribly wrong to the upside! Regards, Randy

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