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Cyberonics Inc. Message Board

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  • hirsct hirsct Jun 2, 2004 6:47 PM Flag

    Make 25% Return in 12 days

    this is a good trade that takes advantage of the huge premiums. My feeling is this: a negative 6/15 ruling is priced in. The FDA in its eminent wisdom won't entirely trash the device, but certainly won't embrace it. The resulting price action makes a $22-$26 range seem reasonable. If they pull the rug out (a la GNTA), you get to keep the spread. thx for the post.

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    • I don't think the negative outcome from June 15th meeting is priced in the stock ... the stock will in the $10 range if the panel does not recommend approval. However I believe the stock will run up between now and Jun 15th meeting. Good time to buy calls now and puts when and if the stocks runs up.

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