Cubist Pharmaceuticals Inc (CBST) $21.05 +5.78%
Cubist (CBST) is up $1.24 and 12,000 calls traded, compared to 600 puts. August 20, 22.5 and 25 calls are the most actives, with more than 60 percent of today’s trades hitting ask-side of the bid-ask spread. Average implied vols in CBST up to 50, from about 45 yesterday. Briefing cites takeover chatter.
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.
