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


To: scaram(o)uche who wrote (64)4/1/1999 1:46:00 PM
From: LLCF  Read Replies (1) | Respond to of 555
 
Yea, a total of 40 contracts traded so far today. 20April 15's and 20 May 15's. The vol on the offer is 100, pretty high... you pay the piper to play...

Wonder why people would be shorting CELG???

SUGN has HUGE option volume today... couple THOUSAND contracts! April vol is ON THE MOON... if I were long the stock I would think about selling the April or May 25 calls. April 25 calls are $2 bid or 175 Vol, increadible... stock has to go to $27 in 3 weeks to break even. These are "takeover" type prices. Can't believe people are piling into these options for a 60 mins piece.

DAK