Progenics Pharmaceuticals, Inc. Message Board

FDA Advisory commitee is being setup to review Relistor. Check for the news under SLXP.

I don't think it is a hedge. I can see this a being one to two things:

1) He wants to own more then 10% of the company (currently has 9.9% in stock), and is using options to accomplish this.

2) The sellers of the options calls do not want to sell the shares yet (tax issues?). They get some money now, but with no tax obligations until 2015.

Of course, I can be completely wrong.

The way I am reading the transaction is he essentially bought the 6.2M of shares, paying around 6.80 now and 12.30 in 2015. If the stock is above 12.30 in 2015, he gets the stock via the call options, if it is below 12.30, he gets the stock via the put options, paying 12.30 either way.

If it drops to 3.50, I will buy some for my IRA.

Looks like this is the last post on this thread. The record stops at 12 days (45 minutes left with only 220K shares traded, ain't going to make it today). It will be interesting to see if this things holds 5 longer term.

With 1M+ shares on Thursday and 600K+ shares traded today, that's 10 days in a row of 500K+ volume. Typically this is a stock that trades between 100-200K shares a day. I wonder where or to whom the shares are going.to.

Day 8 of 500K+ volume, should easily it 1M+ shares today. Don't know what is driving this, just enjoying the ride.

Looks like day 7of 500K+ volume.

I think he ran out of anti-anxiety medication. I just got my prescription filled, so I'm good for another few months :)

I'm not smart enough to sell :) Holding out for boom or bust. Actually, If we get to 8, I will probably start thining out my positions.

I have no clue where you pulled those numbers from. We have traded very few shares between here and the gap at 6.

Yep, good volume on the stock and Apr calls. Now, what is the rumor driving this?