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Subject:  Re: VRTX spiking in pre market Date:  5/7/2012  1:12 PM
Author:  PuddinHead42 Number:  24839 of 25063

Crazy reaction, I was lucky enough to sell 50% at just above $60. Will hold rest for possible takeover, will buy back if it feels right later. This happened last, got a big spike, then a long fade between news. This is also the danger of writing calls. I had calls out on 20%, but fortunately they expired in April, was considering more if it could creep up a few more points. volatility is high now, so I might sell some June calls, maybe. June $55 strikes going for $3.50
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