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SciClone Pharmaceuticals, Inc. Message Board

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  • pennywise6678 pennywise6678 Jun 10, 2005 7:18 PM Flag

    Cavazzas want $5.00

    <<I know the consensus here is that price will drive to 5 by next Friday but i feel even with todays action and it does look like accumulation i still feel Cavazza's will have the shares "put" to them at expiration>>

    It is my understanding that the Cavazzas SOLD $5 puts. If I'm right about that, their position is actually a long one, meaning they profit if the stock rises or if they are willing to own the shares at the strike price--which they have proven they are!

    Options are confusing as he||...this link will explain all about 'em (hey--I'll admit it--I found it helpful!)

    h**p://www.thestreet.com/funds/optionsforum/964257.html (type "tt" over the **)

    -Penny

 
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