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Biotech / Medical : Cell Therapeutics (CTIC) -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (432)	2/16/2005 9:45:47 PM
From: Sam Citron	Read Replies (1) \| Respond to of 946

I don't know if it is significant, Tom, but there were also a large number of June 10 calls traded today: Vol 10,861 OI: 21,038 Price Change:-0.05 A sell June, buy March approach would be consistent with what Peter has surmised, namely that results might be published earlier than anticipated. CTIC has publicly stated that they would need "8 weeks to unlock the database". Can anyone provide some color as to what this entails and why it has to take so long? Sam

To: tom pope who wrote (432)	2/17/2005 9:03:39 AM
From: Biomaven	Read Replies (1) \| Respond to of 946

tom, Would have to be a combination of short stock, long March calls and short June calls. So basically some options trader moving their long options position from March to June, and either that same trader or someone else also selling a bunch of stock. So basically somebody who used to think the results would only be out after March expiration now thinks they will be out before March expiration. I'm still long, although I did take a something off the table in the recent rise to $10, and I (prematurely as it turns out) sold my March calls. Peter