Zonagen (zona) - good buy? Message Board

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Biotech / Medical : Zonagen (zona) - good buy?

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To: troy halle who wrote (1792)	1/16/1998 4:19:00 PM
From: Michael Berkel	Read Replies (2) of 7041

<<UP almost 30% on no news>> Could there be a correlation between the rising stockprice and today's expiration of January options? Let's assume that the company has a huge long position of call options of 15 and 17.5 strike and a huge short position of put options 15 and 17.5, which expired worthless today and they decide to buy back shares 4 days before the expiration? The buy back would then be supported by the gains made with the increased option value. Next week will be interesting to see if the stock goes back down again, now that the January options are out of the way. Is there any recollection as to what happened to the stockprice 4 days before the December options expired? Can anyone look up the numbers? Just a thought and no proof of course, but it's almost too good to be true to see the stock rebound with triple witch day approaching. Any thoughts?

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