Recent

% | $
Quotes you view appear here for quick access.

Affymax, Inc. Message Board

  • t0m.mirabit0 t0m.mirabit0 Sep 15, 2013 11:35 PM Flag

    Who needs to worry about Oct 22?

    Not the longs. Definitely not shareholders. There is no difference for between Friday Oct 18 and Tuesday Oct 22. They are just awaiting Takeda's decision whenever it happens. However, if you've hedged your short position by buying Oct calls there is a huge difference. Friday you've got nothing to fear. Monday you're exposed to huge losses with expiration behind you.
    How does that work. If shorts allow the price to rise to $2.05 then their broker exercises the options for them.
    But if the stock closes below $2 on Friday the contract will expire worthless and the hedge is gone.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
AFFY
0.0916+0.0065(+7.58%)Jul 31 12:37 PMEDT