Allergan (AGN) is seeing a scond day of bullish order flow. April 45, May 50, and April 50 calls saw increasing buying interest yesterday. Today, shares are up another $1.66 to $44.83 and 10,000 calls already traded, compared to 692 puts. Focus is on April 45, April 50, and April 55 calls.
Looks like follow-through on Monday’s action, with some citing takeover speculation: Street.com.
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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.