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Biotech / Medical : CEPH

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To: G-MAN who wrote (673)5/3/1998 9:05:00 PM
From: Optmaster  Read Replies (1) of 998
 
A ton of call options traded Friday. Volatility is now trading in upwards of 120, very high for this issue. It seems there are a lot of optimists out there. What is the potential upside for CEPH if they get an approval. I think a buy/write using the May 15s may be a great trade. Could we see 17 or higher if approved?
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