Sequenom Inc (SQNM) $3.32 +12.54%
Sequenom (SQNM) is up 36 cents to $3.31 and implied volatility is also rallying on talk the biotech has put itself up for sale — Briefing. 13K calls traded, which is 6X the expected for the first 90 minutes and almost 10X the number of puts. Trading is heavy in Oct and Nov 3 and 4 calls. Implied volatility (average) is moving up to 138, from about 120 late Tuesday.
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.
