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Biotech / Medical : Momenta Pharmaceuticals Inc.
MNTA 52.480.0%Oct 2 5:00 PM EST
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To: IRWIN JAMES FRANKEL who wrote (2548)10/25/2010 1:38:46 PM
From: DewDiligence_on_SI  Read Replies (3) of 3027
 
>So far [selling covered calls] has worked well.<

Of course it has; selling covered calls is conceptually similar to selling flood insurance—it works great until a Category-5 hurricane comes along.

My question is: Why would anyone want to sell flood insurance when they know a Category-5 hurricane is indeed coming?
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