Ligand (LGND) Breakout! 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 : Ligand (LGND) Breakout!

LGND 188.97

-0.6%

Dec 31 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: celeryroot.com who wrote (17808)	3/24/1998 12:37:00 PM
From: tuck	Read Replies (2) of 32384

Celeryroot, And who do you suppose bought? I reckon that whatever the case, today's put action will have its influence on the share price, though it would likely be hard to detect. The other side of the transaction could well have been a market maker who may feel obliged to hedge the position he has been obligated to take. The action is ~100 contracts = 10,000 shares influence, a small, disguisable, transaction in light of Ligands's daily volume. Perhaps more important is the possibility that this is a transaction by smart money. In your scenario, the sale of puts implies the smart money is bullish. Your reasoning that it's a sale; were you watching as it went off at bid? Tuck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next