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The drug IS Avastin. "On February 23, Genentech is awaiting approval on their Avastin drug for breast cancer." -CNBC

It's for me. I am thinking its at 72, so get a March 80 call and March 60 or 65 put? Also, whats an investing club?

I read the stock has the approval not getting approved priced into it.

Historically, how much does an FDA approval of a new drug boost a company? I am looking at a company at around $70 and the FDA will be announcing approval or not on February 23.

P.S. Yhoo did not reject a $40 offer, it rejected a $31 offer.

I got me a April25Put and April35Call

Okay, so I am semi-good with option buying, so now I trying to learn about option writing now, and lets see if i know whats up. Buying a Call - you have the right but not obligation to buy a stock at a certain price in the future. Ex: You buy an April 50 call on a stock trading at 45, and...

Hey no prob man I'm learning here too haha

Yeah but buying the shares would require much more investment, and much less return.

Well according to the SEC, you need to have 25k in your account at all times minimum to be able to daytrade and not have the 3 day settlement period

Alright well I want to buy a call cause I think the merger will go through, but if I buy it now, and then the merger goes through, the next day is the IV gunna plummet and screw me like CSCO did?

I am looking at March Calls in Sirius. It seems Sirius has a Historical Volatility of around 55, but the IV for the calls is from like 94-108! Why is it sooo high?!? Merger rumors?

http://www.informationweek.com/blog/main/archives/2008/02/yahoo_to_answer.html Seems like a good strangle play?

So, IV goes up be4 big news/rumors in a stock. Then, right after said news/rumors, it shoots down. How do you make money in short term plays like this with options? Seems like if you buy before the move, you will pay inflated prices, and if you sell after, you will sell at the price with...

Hey. I am new to options trading too, but as I see it you can base it on both. Obviously if you think the stock will go up or down based on your research, you can buy a call or put. Also, there are ways to see if you think an option is under or over-valued by comparing IV with...

Gotcha. Thanks all

Well I noticeably was made aware of how power IV is. I bought the Feb Put just cause I thought CSCO outlook would be bad and push the stock down alot, which it did. Because isn't it: If you buy a put option OTM say 2 weeks from expiration and an OTM option say 1month 2 weeks out, and the...

So I bought a CSCO 20 PUT for february, and was up 100% as of yesterday. After hours the stock tanked 9%, and it opened today down abut 5%. And then the put went down. WTF happened

I respect you as a poster, but you are living in a dream world.

Well I respect him for what he does.