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Biotech / Medical : Biotech Derivatives -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (376)	9/10/1999 12:29:00 PM
From: LLCF	Read Replies (1) \| Respond to of 555

INCY- someone just took profits 'big time', sold 800 Oct 45 calls @ 1 3/4 and bought 800 Oct 40 puts @ 3 1/4 ... protecting a large position for about 5 weeks without paying taxes. Someone expects a pullback. DAK

To: LLCF who wrote (376)	9/10/1999 12:40:00 PM
From: Scott H. Davis	Read Replies (1) \| Respond to of 555

David, your 376 was posted to the ISIP thread. Could you possibly explain what you meant (I have not done options before & can't grasp the implications of what you posted.) Any input would be appreciated. Scott FWI, I partially differ with you on the overbought call. Since most single indicators give a lot of false signals, I look for confirms - BB violations, RSI > 75, Stoch > 80 together as a threashold. Then I look at how much and for how long on a daily basis, finally turning to a weekly viw for these. IMSCO, it's about to be overbought on a daily view if today's actions holds up. Still has a way to go on a weekly basis.