Amgen? Anyone? No?

M

Martha Stewart

It's hit bottom. No? Okay. It's hit bottom now. No? Okay. It's hit bottom now. No?
Does anyone like this as a long ITM call play?
No?
How about as an extra long ITM call play?
No?
Amgen? Anyone? No?

:confused:
 
I am writing Jul 07 50 puts - and I hope I get put! The valuations are very compelling long term. This company may not have much of a pipeline presently, but they will inevitably sort things out over the next 10 years.

Buying below 10x EBITDA seems like a pretty compelling valuation for a long term buy.
 
Quote from Martha Stewart:

It's hit bottom. No? Okay. It's hit bottom now. No? Okay. It's hit bottom now. No?
Does anyone like this as a long ITM call play?
No?
How about as an extra long ITM call play?
No?
Amgen? Anyone? No?

:confused:
More...


You should ask Lenny Dykstra...check out his column on thestreet.com. His strategy is to go long on deep-in-the-money calls and continuously average down in the assumption that the stock would just have to make a turn by say, July expiration. I think at this point he has approximately $32.9 million in AMGN July 55's...:D
 
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