Replies to post #12706 on Momenta Pharmaceuticals, Inc. (MNTA)

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Mid price was $.275 and it hasn't moved. Bid 0.15 and ask 0.40. Somebody sold at 0.25. Probability is 2/3 that it will expire worthless in 11 days. The 3000 10-12 strangle that was sold a few weeks ago has half the premium of when the strangle was sold. IMO This is part of the same game - harvesting premium from a stagnant stock.