Pharmaceuticals & Biotechnology
ImmunoGen Inc (IMGN) $16.94 +5.09%
ImmunoGen (IMGN) adds 84 cents to $16.96 after offering an update on preclinical findings for an experimental drug. Options volume on the biotech is 13.5X the daily average, being led by a Jul 15 – 16 bullish risk-reversal for $1.325, 1200X, to open. It might roll, as Apr 14 calls on IMGN are also seeing [...]
Pfizer Inc (PFE) $29.84 +2.52%
Pfizer (PFE) adds 74 cents to $29.85 and is among the leaders in the Dow today, behind Cisco and Intel. Only two Dow components are in the red. Pfizer isn’t one of them and an interesting options trade on the pharmaceutical company today is a 10000-lot of Apr 30 calls, bought for 18 cents per [...]
Myriad Genetics Inc (MYGN) $24.45 +0.41%
Myriad Genetics (MYGN) sees an implied volatility spike today amid an uptick in put buying. The focus is on the April term. 4,273 Apr 24s traded and another 2,800 Apr 23s changed hands. More than 90 percent of the flow has been at the offer or asking price. Signficant open interest already exists. In fact, [...]
Endo Health Solutions Inc (ENDP) $33.04 +3.44%
Endo Health Solutions (ENDP) is up $1.06 to $33 and has seen and impressive two-day 7.4 percent rally, but with no obvious headlines to explain the relative strength in the Malvern PA drug manufacturer. On the options front, one player seems to be looking for additional upside and sold 2890 Apr 35 calls on ENDP [...]
Astex Pharmaceuticals Inc (ASTX) $5.60 +10.89%
Astex Pharmaceuticals (ASTX) adds 54 cents to $5.59, new multi-year highs, and it looks like an investor bought 5,000 Jul 3.5 puts on the stock for 20 cents and sold 10,000 Oct 6 puts at $1.45. The Jul 3.5 puts might close a position opened on 3/25 when the stock was 26.3 percent below current [...]
Eli Lilly and Co (LLY) $56.73 +0.64%
Eli Lilly (LLY) is up 39 cents to $56.76, new multi-year highs, and options volume on the stock is running 4X the daily average. 15,000 puts and 2,215 calls traded on the pharmaceutical-maker so far. The flow included several small lots of Apr 55 puts for 17 cents per contract, before an 8870-lot printed for [...]
PharmAthene Inc (PIP) $1.77 +0.00%
PharmAthene call volume is running 8x normal today, with buyers of upside April 2.5 calls leading the action as share trade flat at 1.77. Shares bottomed out near $1 in November and April 2.5 strike IV is currently near 212%, suggesting a short-term catalyst is driving the flow. Open interest after today’s volume is likely [...]
Teva Pharmaceutical Industries Ltd (TEVA) $39.96 -0.62%
Teva loses 16 cents to $40.05 and more than 3750 Apr 42.5 calls traded on the stock in small lots for 17, 18 and 19 cents. Data from the ISE is reporting opening activity and, if so, is adding to positions accumulated over the past two weeks. Open interest in Apr 42.5 calls on TEVA [...]
Keryx Biopharmaceuticals Inc (KERX) $7.20 -2.57%
Keryx Pharmaceuticals (KERX) is off 19 cents to $7.20 and a 10000-lot of Jan 4.5 puts is apparently bought on the biotech for 14 cents per contract. It probably covers positions opened on 2/12 and 2/14 when the same contract was being sold-to-open at 25 and 26 cents, 10000X total. The stock is little changed [...]
Warner Chilcott PLC (WCRX) $13.70 +1.00%
Warner Chilcott (WCRX), the Irish pharmaceutical company, is up 14 cents to $13.70 and an amibitous options trade is opened on the stock Friday. An investor bought the Jan 16 – 21 call spread on WCRX for 72 cents, 15000X, to open. The stock has traded in a narrow range in recent days and is [...]
