Biogen Idec (BIIB) April calls saw some action Thursday after a strategist apparently bought 1500 April 45s and sold 4500 April 55 calls, creating a 1X3 ratio spread for $1.90. Open interest suggests opening trade. It was also tied to shares at $49.09. Overall, seems to reflect a bullish view from now till April options expiration.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.