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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: margie who wrote (2930)11/21/1997 5:39:00 PM
From: Oliver & Co  Read Replies (1) of 6136
 
Someone bought today over 4,000 Dec $40 puts, this,IMO, is what dropped the price, because AGPH opened going up. And there are no news.
I would like your oppinion. Who, outside of an institutional investor, can do such a volume?, Why?, is there inside info?
Someone is betting on AGPH to drop to ~$35 by Dec. You are talking over 400,000 shares, over $16 million.
What do you think? I can tell you that my broker was going bunkers.

Thanks,
JLL
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