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Biotech / Medical : Momenta Pharmaceuticals Inc.
MNTA 52.480.0%Oct 2 5:00 PM EST

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To: DewDiligence_on_SI who wrote (2549)10/26/2010 8:55:48 PM
From: Jeffry K. Smith   of 3027
 
"My question is: Why would anyone want to sell flood insurance
when they know a Category-5 hurricane is indeed coming?"

The "downside" is merely opportunity cost lost, which is a lot better downside than having the stock fall and stay there. I'm not sure I understand your aversion to covered calls.
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