Celsion Corporation (CLSN)

[TOB]

Actually the "80% expire worthless" is not so accurate, as about 60% of all options are traded out of in the market place before expiration. They could be at a profit or loss when this occurs. Then about 10% are exercised, so that leaves closer to 30% which expire worthless in any option cycle.

Often the 80% number is used because you may be trading out of an option you bought for $2 for 5 cents, especially if it is near month OTM.

The statistics also vary heavily depending on how far in-the-money (ITM) or out of the money (OTM) the option is. Obviously the odds of expiring worthless are much higher for OTM options. So I should have been more specific what I was referring to certain classes of options.

I don't mean to be misleading...