dndn

tuck9899
Newbie

Posts: 5

dndn

« on: May 04, 2007, 11:24:09 AM »

bot dndn may 7.5 puts...sold may 10 put...comments??


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arowana
Newbie

Posts: 1

Re: dndn

« Reply #1 on: May 04, 2007, 07:41:17 PM »

quite a good trade... i dont think dndn will tumble and cut over your sold-leg even with the FDA disapproval.....


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tuck9899
Newbie

Posts: 5

Re: dndn

« Reply #2 on: May 05, 2007, 05:22:02 AM »

thank you...am also looking at tso....tuck


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optionpundit
OptionPundit
Administrator
Hero Member

Posts: 4664

Re: dndn

« Reply #3 on: May 09, 2007, 09:57:39 AM »

DNDN is down 58%, wonder tuck were u able to make some money? If I recall, you shd be as the breakeven for your original trade was around 6 or so on the lower side. can you update how is that doing?


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tuck9899
Newbie

Posts: 5

Re: dndn

« Reply #4 on: May 10, 2007, 07:33:41 AM »

lost on the 10 sell puts....but will recoup most on the 7.5 buy puts...will depend on when i close out the 7.5 and if dndn continues to go down...the thing i try to remember as i look at a potential trade...what is causing the spread..(risk)...can you define the risk...the risk for dndn was very plain...they needed approval by a given date...black or white...very little grey...


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