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


To: scaram(o)uche who wrote (48)3/15/1999 1:57:00 PM
From: LLCF  Read Replies (1) | Respond to of 555
 
Someone "rolled" their MLNM March 25'2 into April 35's 600X... so they were long the stock short Mar 25's and don't want to get called away this week... bought 'em back and sold the 35's... implied V=35... very "fair". MM's will be short the stock for a day or two, but are now long lots of premium which should keep the options more liquid and fairly priced in the issue.

DAK



To: scaram(o)uche who wrote (48)3/26/1999 3:51:00 PM
From: LLCF  Read Replies (1) | Respond to of 555
 
Morgan Stanley sold 2000 ALKS April 30 calls @ 1.25.... has 1500 more offered there!!!!!!!!! Wonder what he knows?

DAK