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Biotech / Medical : Biotech Derivatives

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To: LLCF who wrote (135)	4/26/1999 2:45:00 PM
From: LLCF	Read Replies (2) of 555

<<Any opinion on today SCIO calls action?> Sorry, I gave you ICOS, have them both on my "ticker" and both trade a lot. Fair value is 80V... WOW! Looking now... what going on here... 150V bid with tons of volume today... the this a "takeover rumor"? That's a stupid question look at the May12 1/2 calls 5/8-3/4 or 160V bid. My translation to the above: These options are VERY high, there MUST be takeover speculation, it's the only expaination. DAK

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