Seeking Alpha
  • angrygiraffe
    If $CLSN is going to either drop to $1 or less or shoot up to $20+, why not just straddle with short+calls? Am I missing something?
    12/28/12
    Reply (3)
    • jcllier3: Depends on risk appetite I suppose
      12/28/12
    • angrygiraffe: True. I guess I'm just wondering how accurate these predictions are. I can see the low end being the case. Not sure about high end.
      12/29/12
    • noueis: Right now the premiums are so large that a drop wouldn't net you much. You would have to get below a dollar just to break even
      1/3/13