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Biotech / Medical : Agouron Pharmaceuticals (AGPH) -- Ignore unavailable to you. Want to Upgrade?


To: Oliver & Co who wrote (3119)12/3/1997 7:36:00 PM
From: Steve Fancy  Respond to of 6136
 
We'll have to watch the open interest tomorrow, but the 47.5's were likely folks cashing out. The Feb 35's, hard to say, but it sure looks like some folks are counting on a bad earnings report, although if that were the case, I don't know why they didn't buy January.

As I think about it, a more likley possibility was someone sold the 35's, betting on good earnings and European approval.

sf