Iron Mountain (IRM) adds 49 cents to $21.68 and options volume is 7X the average daily, driven by April 22.5 call buyers. One player bought 9000 at $1.30 each. It was tied to shares on a 50 delta. 10,400 now traded vs. 243 contracts in open interest. Shares of the Boston, MA business software company lost 6.1 percent on disappointing earnings news the day before.

3 users commented on " Iron Mountain Inc (IRM) $21.68 +2.31% "
Follow-up comment rss or Leave a Trackbackhmmm…..we’ve been discussing this Fred and the basic idea is we are establishing long gamma positions into DEC
what do you think about this one rainman
http://finance.yahoo.com/news/5-Biotech-Options-to-Buy-tsmf-3046470872.html?x=0&.v=1
on biotech i used to just buy AMEX Biotech calls, but that was when HGSI was part of it
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I don’t pay attention to biotech or healthcare these days as they are just a lot of work on researchc. I’m more of a midcap/fundamental/industry trader now. It’s just simpler to trade the economic data and analyst pumps/dumps.