Allergan (AGN) is up $1.24 to $40.78. April 45, May 50, and April 50 call options are active early. 11K calls traded total, compared to 400 puts. The day’s trades have been in lots of 323 and fewer contracts. No news on the stock today, but the gains in the shares and the uptick in call volume seems to reflect increasing bullishness towards the Irvine, CA pharmaceutical and medical device company.
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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.