Replies to post #129785 on Biotech Values

[Double_Bagel]

Hey, Zipjet,

Make sure that you don't sell covered calls on all your shares. Keep half uncovered just in case they get Copaxone approval. If you must sell covered calls on all your shares buy lots of the Jan 13 $25 calls just for the Copaxone approval. 2014 leaps will be available in a couple of weeks. Too bad they weren't available when MNTA was trading under $12. I would have bought like a million of those :-)

Also, do you write puts at the same time as selling covered calls?

Owning MNTA looks like a very good risk reward play today. Even better for an option writer as the IV likely will jump.

[HattieTheWitch]

Even better for an option writer as the IV likely will jump.

:-) :-) :-)

[alertmeipp]

MNTA - options were pretty cheap last week. You can get $8 June call for 5 bucks. All in price for$ 13 - about 5% premium.