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

To: Don England who wrote (526)5/7/1998 9:14:00 AM
From: Meridian  Read Replies (1) | Respond to of 752
 
<<hope the followers here bought at a better price than i did. love the dips.>>

I bought the Sept 7 1/2 calls at 3 when the stock dipped to 9 1/2. The delta is 0.89 - so that for each $1.00 change in the stock price the option changes 0.89. Theoretically that is. I'm insulated on the downside by 140 days of time value - if the stock moves down the option will decrease by less than 0.89 as the time value increases.

Brian



To: Don England who wrote (526)5/16/1998 2:09:00 PM
From: Meridian  Read Replies (1) | Respond to of 752
 
Two huge blocks of 600,000+ shares apiece were traded with about 5 minutes to go on Friday. They paid $10.796/share for the lot, almost 1/2 point over the market - clearly a negotiated deal. I wonder who it was? Maybe our friendly IR guy knows.

Brian


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