Sangamo Biosciences (SGMO) is down 2 pennies to $4.20 and options volume is running more than 50X the usual levels, with 11K calls and zero puts traded. Aug 35 calls are the most actives and some investors might be selling elevated premium (blocks hitting bid-side for 35 cents) Monday morning. Implied volatility is down 4 to 106. Maybe buy-writes.
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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.