Biotech Values

[ilpapa]

At the risk of testing Dew's patience, I think it is worth pointing out that if you're bullish on MNTA but feel you own enough shares outright, a short-term buy-write strategy is pretty attractive right now.

So is a straight write put strategy. Terrible liquidity, but if you can get a price in between the bid/ask spread on the jun 15's you can pocket 3k on a write of 10 contracts. The question to ask oneself is whether MNTA will dip below 12 in the event of a T-enox approval.

I'm like Yogi Berra and forks in the road. If you see 90% IV's on the ground, take them.