VXGN options

Discussion in 'Options' started by silk, Dec 3, 2002.

  1. silk

    silk

    I'm short a straddle. Sold the FEB $10 puts and the $25 calls. Should be a fun rollercoaster over next few months. I took in about $3.7 premium. So my break even range is $6.3 to $28.7 at expiration.
     
  2. That is a Short Strangle, not a Short Straddle.
     
  3. Details, details ...
     
  4. Trajan

    Trajan

    I assume you know the date of the expected announcement.
     
  5. Ikspec

    Ikspec

    Better hope they can't come out with that vaccine. This is one case where good news will be a lot more detrimental than bad news. I played the Dec options a little bit back because I didn't want to be short options into an announcement like that.
     
  6. Trajan

    Trajan

    I agree. The anthrax vaccine contract will provide some support. Even a modestly successful AIDS vaccine announcement would send the stock through the roof, at least for a couple of days.
     
  7. that rollercoaster would be alot less fun if you didnt choose the strikes you did!!! nice work silk