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SciClone Pharmaceuticals, Inc. Message Board

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  • pennywise6678 pennywise6678 Jun 10, 2005 10:00 PM Flag

    Cavazzas want $5.00

    Hmmmmm....I'm about to poke a hole in my own theory--please correct me if I'm wrong, but the Cavazza's also bought 600,000 shares worth of June $5 calls---meaning if the share price is under $5 they would expire worthless.

    Sooooo--maybe the play IS to drive right though $5...that way they win on their put play (the premium they collected) AND they get shares for $5 by exercising their calls... for thought...

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