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Biotech / Medical : sgp(schering plough)

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To: JBruin who wrote (22)3/18/1998 4:33:00 PM
From: alruss  Read Replies (1) of 117
 
I haven't heard anything new either, but I was watching! Last two trades were 31K and 24K blocks at +4. Other drugs generally dn.

I have 40 may75c's, and some long term stock. Have been rolling these calls for a year, rolling up when up +300%, to take money off the table. What a nice smooth ride its been.

I saw 2.3K of same calls trade last week vs. 1.2K open interest, confirmed by 3.5 open int. the next day. Only saw it because I have the same item, otherwise would not have noticed. Someone knows more than we do.

SGP has split when between 80-90 last two times.

Let me know if you hear anything.
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