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

To: Biomaven who wrote (387)9/15/1999 11:24:00 AM
From: LLCF  Respond to of 555
 
<Can't really complain too much though, since I have maintained a big stock holding in PCYC.>

Nice.... speaking of PCYC options, remember the trade that went on on the 12.5 line??? The guy bought like 500 12 1/2's @ $4 or some such thing.....................................................sweet.

DAK



To: Biomaven who wrote (387)9/15/1999 12:21:00 PM
From: LLCF  Read Replies (2) | Respond to of 555
 
The FDA "wheel" is slowing and players are scrambling to place their bets in LIPO........ At the money straddle expiring Friday is like $5 bid. Sep 22 1/2's [Fri expire] are $1 bid with the stock trading $17.

From my understanding these are cheap... 17.5 straddle implies $12 or 22 after the announcement. Any opinions???

DAK


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