Celsion Corporation (CLSN)

[kris_kade]

Got it ! So basically if the PPS is still under $4 come Jan 2014, for whatever reason, he still retains the shares but gettng some profits off the covered calls now.

My question is, for such a short term gain (90 cents per call), why is he risking a hugh profit on his commons when very likely we will be much above $4 come Jan 2014 ? Unless...the world ends before then..

P.S: I was told that Hedgies often have policy not to hold shares for more than 1 year..may be his horizon is no later than end of this year. But hard to imagine someone bailing out before PIII results are out unless they see a very less chance of it being successful.