Biotech Values

[oc631]

"I sold September 25 calls on half my position almost immediately after approval and august 22.5 calls on the other half a little later (when the stock had fallen back to below 22). I got nice money for these options, but not enough to cover the decline to 18."

"I would be delighted if my shares get called away."


You hedged your position and did better than those MNTA longs that just bought and held. You did much better than those that took the other side of the trade and bought your Sept 25 calls.


I think you are looking at the half empty glass.