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


To: LLCF who wrote (71)4/9/1999 4:16:00 PM
From: scaram(o)uche  Read Replies (1) | Respond to of 555
 
well..... I don't know who the "someone" is for the other 110, but the last 20 were mine. I decided that, with phase II prostate data to be presented at ASCO, the AACR bet might be worth it. There's always the chance that Blitzer's european partner will clarify.

Kept my shares too, as the downside seems limited by ASCO and Sjogren's.

I usually don't like these situations where a bunch of quiet people are betting on out of the money calls. I'll bet they're all Cathcart and friends.

:-)

Something stinks

Please note that (1) I bought mine at 15:45, well after I made the post to the SUGN thread and at the day's high, and (2) the 20 for the 15:45 trade is the only option position that I hold (or have ever held, I believe) on MOGN. It will be interesting to compare today's and tomorrow's open interest.



To: LLCF who wrote (71)4/9/1999 4:43:00 PM
From: LLCF  Respond to of 555
 
Another "Sales Straddle" purchased to day... in CORR. The first whiff of Integrelin sales should be announced on 4/25 so I bought the May 10 Straddle on a ratio basis (delta neutral) today. May add closer to the date, but didn't want to miss out incase of sector news, takeover, etc.

DAK

PS: Selling some CEPH calls from the Provigil straddle to neutralize again and lock in some profit after 20% move.