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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.01-0.4%Nov 19 3:59 PM EST

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To: jayhawk969 who wrote (23270)7/16/1998 8:37:00 AM
From: Machaon  Read Replies (2) of 32384
 
<< Covered calls at 14, naked put sells at 12.5. >>

Not a bad idea. One could also buy "puts" at $14, and buy the covered calls back, at $12.5.

I was wondering why the strong news about LGND wasn't pushing the stock up. Apparently, Allergan doesn't want to push the stock down too much, because they need higher prices to dump their shares.

On the other hand, long term holders are really getting the shaft by this selling!

Regards, Bob
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