Poniard Pharmaceuticals Inc (PARD) $7.27 +4.15%

| July 31, 2009 | 0 Comments More

Poniard Pharmaceuticals (PARD) is up 28 cents and options volume is running 3X usual after a strategist does the following: sold 3400 Dec 2 – 5 puts spreads for $1.1 and sold 100 Dec 7.5 calls for $2.60. It might be closing or possibly an attempt to capture high implied vols, betting that the stock will settle between $5 and $7 at the December expiration. PARD is up 28 cents to $7.50 and average implied vols in PARD options is moving to 110, from about 106 late Thursday.

Category: All Stocks, Pharmaceuticals & Biotechnology, Small Cap Stocks

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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.

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