EXAS April options mis-priced

Discussion in 'Options' started by vanv0029, Apr 4, 2013.

  1. You bought the shares outright???

    WOW... that's against my religion. I sold an Oct $10 put for $270.

    :)
     
    #51     Apr 11, 2013
  2. Don't even think about selling those shares for the rest of the month.
    Add on any weakness, if you can. Nice to see you again my friend. Hope life has been treating you well!

    I post VERY infrequently on ET.
    But I do check my e-mail from time to time.

    :cool:
     
    #52     Apr 11, 2013
  3. Hey Wags. Yeah, I haven't seen any posts from you in awhile. I've got limits under the market. I'm about half of size I'd like. Looking for 17-22 after the release. I hope you got that clearing issue resolved.
     
    #53     Apr 11, 2013
  4. #54     Apr 11, 2013
  5. sometimes no matter how high the premium is priced, it can be cheap.. i was thinking of taking a long shot with otm calls..
     
    #55     Apr 11, 2013
  6. vanv0029

    vanv0029

    The home test and the lab test done when you have your normal checkup
    just looks for blood in your stool. It will usually only catch later stage
    cancers which have already high mortality rates.

    I am not long stock but short puts and long covered calls because I think
    the FDA is going to be cautious about approving the EXAS test since it
    is the first of the DNA marker tests. DNA market diagnostic tests will
    surely be common in the future. So I think the FDA is not going to want to
    make any mistake. The current test is just a larger version of a previous test
    that had very good results but if there is a few percent lower value anywhere.
    Very possible just from mechanics of a new test, stock may not rise much.

    The alternative which seems to work better for some types of cancer (not
    Colon cancer) is blood DNA tests which could replace the EXAS test.
     
    #56     Apr 11, 2013
  7. Yeah, I realize this is a multi-faceted methlyation (et al) test. I am a bit concerned on the 57% figure on PC growths under 3CM. The convenience of the stool test beats out blood.
     
    #57     Apr 11, 2013
  8. The stock is a call. Just buy the shares.
     
    #58     Apr 11, 2013
  9. The May 8/10 call backspread is trading at a 1.00 debit. Max risk is $3.
     
    #59     Apr 11, 2013
  10. smile

    smile

    #60     Apr 11, 2013