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InterMune, AŞ Message Board

  • jacosa jacosa Oct 18, 2013 10:20 AM Flag

    Put sales

    I've done it again. I have sold a total for 15 LEAP puts on ITMN. This is a mildly bullish action, equivalent to buying the stock and writing calls. I like it because it cuts the heart out of my available margin power (that is, it reduces the temptation to buy more stuff) without running up margin debt. The key date for Intermune is probably the read-out of ASCEND; I'll guess mid-Spring 2014, so July options, when they become available, will be comparable [and more liquid]. But the stock is down now, and I wanted to get this done.