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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Jacques Chitte who wrote (4599)6/23/1998 7:37:00 PM
From: chester lee  Read Replies (1) | Respond to of 7041
 
I just looked at the options, Puts, someone bought or sold 200 contracts of the Aug 25's and Nov 20's. My guess is someone knows something or is feeling mighty speculative. 400 contracts is big money. For the buyer to make out on the Nov 20's, the stock has to drop to 16-ish just for break even. For the Aug-25's, Zona has to drop to the 21-22 range for break even. My BE prices re estimates, since I don't know what price the buyer actually got.

chester



To: Jacques Chitte who wrote (4599)6/24/1998 10:01:00 AM
From: Linda Kaplan  Respond to of 7041
 
Just hit 21-1/2. Seems like the investors are wising up. I'd expected a lower price than 15 this week. Let's see if we get it...

Linda