Agouron Pharmaceuticals (AGPH) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Agouron Pharmaceuticals (AGPH)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lee Solomon who wrote (3142)	12/15/1997 2:28:00 PM
From: Lee Solomon	Read Replies (1) of 6136

Is anyone still interested in those 4000 Dec 40 Puts? They've been rolled again. This time to Feb 30 Puts. On Dec 4 I wrote: "Since this position is still open I believe these puts were sold by an investor or fund expecting the price to rise. Now the question is how will this position effect the stock price through the Dec option experation? My guess is that AGPH will stay depressed significantly below 40 so that these puts can not be rolled forward again and will expire worthless. I hope I'm wrong because I am long." Dec 40 Puts are going for about 11 bucks and Feb 30 Puts are going for 4. Whoever has this position must be VERY BULLISH on AGPH because it just cost them 7 points to stay alive (this is in addition to their original investment). 7 points in this case is $2,800,000.00

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next