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Elan Corporation, plc Message Board

  • unclebake unclebake Apr 12, 2004 9:34 AM Flag

    Friday is options expiration

    There are over 23,000 open call contracts at $20 strike price. Absent some positive news, it might be tough to get over $20. Clearly the writers of those contracts will do all they can to see them expire worthless. Maybe news on or about the 15th will propell Elan past that point. There are 5 weeks until the next option expiration. Strange things seem to happen to the price of many companies the last week as options expiration approaches. JMO. unclebake.

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    • <<<<There are over 23,000 open call contracts at $20 strike price. Absent some positive news, it might be tough to get over $20. >>>>

      I think the holders of these options what the shares and will do their best to rob the stock by having the price over $20.00.

      Also there another 13,000 plus open call contacts at $22.50.

      It will be interesting week, my quess by Friday we'll be over $22.50.

      Jim

 
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