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

To: tuck who wrote (840)	4/25/2007 10:00:23 AM
From: Robohogs	Respond to of 897

I just responded by PM by accident. Three things (one is new). 1. Puts are safer play and if you do get exercised early you can stay in position. 2. You are correct on PDUFA but his date for MNTA was too EARLY. And on AGIX, way too late and with wrong event. BTW if vol is high enough I sometimes will short a put or a call or both into these things and I love those delays. 3. Feurstein has free stuff up on free part of street.com on avnr today. Jon

To: tuck who wrote (840)	4/25/2007 10:21:13 AM
From: kenhott	Read Replies (1) \| Respond to of 897

We can probably keep this option chatter going indefinitely. One advantage of using a bear call spread (as an example) is the ability to close the sold call and hold the purchased call if the event turns out to be bullish. I use it as a form of protection. A recent example is DNDN. Yes one can always close a bear position then buy into a call and get to the same end position. But that requires multiple trades as the stock is going crazy vs. one trade. Just something like this may be the difference between making the right trade or not. The reverse also works if the event is bearish. One can cover the sold put and hold on to the purchased put. The central thought here is that a spread doesn't have to be put on at the same time or taken off at the same time. <Kenhott called that one correctly, though it wasn't the hardest call to make.> That's it. You don't get a fruit cake for christmas.