Replies to post #129681 on Biotech Values

[julescat]

yes, just short the stock here and then (maybe, if you want) sell the puts on monday. lock in your gain without weekend risk.

[linhdtu]

rajaram, you may be right. I am not very knowledgeable wrt to options since I swore them off in the aftermath of the dot.com bust.

I guess I'll sell them for a profit and buy the shares on my own.

[Double_Bagel]

I think he meant that he would exercise the call at Op-Ex by paying 5000 * 12 = 60K. Wow!

I have about 100 of the Nov 14/15 calls some of which I may convert to shares if MNTA finishes well north of that by Nov Op-Ex. Remember the 5+ million shorts who might have to start covering.

Boy am I glad that I didn't write covered call this time.

I hope it is not too early to celebrate!

Why convert them to shares? There is still time value in them...you will miss out on that added $$