Replies to post #100835 on Biotech Values

[oc631]

"and I "foolishly" sold $25 calls on that purchase, not really caring whether they would be exercised."

You collected premium on the sale of those calls. The stock then dropped. What's so foolish about that?

[marthambles]

I sold September 25 calls on half my position almost immediately after approval and august 22.5 calls on the other half a little later (when the stock had fallen back to below 22). I got nice money for these options, but not enough to cover the decline to 18.

I would be delighted if my shares get called away.