Momenta Pharmaceuticals, Inc. (MNTA)

[Rocky3]

I feel like I've been spitting in the wind for a couple of years now.

FWIW, I enjoy your posts. Don't always agree, but I rarely agree with anyone's posts all the time. And I like to read reasoned negative posts. It helps me fight my natural positive instincts. And it helps me from over-committing, which is a clear problems for me.

I still think that there is value here. But there is clearly less upside potential due to adverse legal results. I'm willing to wait.

I'm also afraid that the IVs will be reduced so the attractiveness of the options will decrease. But as long as they are higher than other IVs, they will still be a good source of income. At least this time I was not short any July puts, and my July call sales now look very good (not true last week). I'm willing to buy more in the low 12s, so I will probably sell some August 13 puts.

JMO.