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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: bob zagorin who wrote (20118)5/6/1998 12:58:00 AM
From: John O'Neill  Read Replies (1) of 32384
 
Interesting note about LGND options...

I bought 10 Aug $15 and 10 Nov $15calls Mon 5/4/98 when the stock was trading at 14 3/16-14 1/4. I paid 1 5/16 for the Aug and
1 7/8 for the Novembers. The stock is down 3/8's today but the August calls are up to 1 5/16 bid to 1 9/16 asked..up 1/4 and the Novembers are
1 11/16 bid to 1 15/16 asked, up 1/16.

Doesn't it seem odd that the options and stock would move in opposite directions to this degree at the same time???

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