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postman

02/11/11 9:04 AM

#1864 RE: seward #1863

No, I already own a lot of the stock and have for years. If I understand how puts and calls work, selling calls would only eliminate most of my potential profit if the stock does what I hope. But I find it interesting that a group of investors who a probably mostly fairly sophisticated doubt that GERN will pop more than a dollar or two over the next year or two, and that's what these numbers suggest to me. Please correct me if I am wrong.

Edit: Or perhaps they figure that a sure $1.20 or $1.68 in their pocket is a smarter way to play the stock than to hope for a big return which may not come for years and years...