Idenix (IDIX) loses 27 cents to $9.81 and an investor apparently sells 8,000 July 7.5 puts on the biotech at 55 cents to buy 8,000 Jul 12.5 – 17.5 call spread for 90 cents. The three-way, for a 35 cent (register to read more …) [...]

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Pandora (P) adds $1.67 to $12 on heavy volume of 10 million shares and is trading at its best levels since a March 6 earnings miss after the Internet radio operator reported a 9-cent per share quarterly loss. Analysts were (register to read more …) [...]

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Seabridge Gold (SA), a Toronto-based miner, sees a second day of relative strength and high volume. The stock is up 9.1 percent to $14.32 and near session highs in active trading of 815K shares (average daily is 464K). Meanwhile, 5,000 (register to read more …) [...]

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Patriot Coal (PCX) is getting smoked today on high volume of 36.8 million shares after a Dow Jones article suggested the company is mulling a restructuring if it can’t meet its near-term financing needs. The stock is down $1.84 to (register to read more …) [...]

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DryShips (DRYS) adds 15 cents to $2.40 in active trading of 4.6 million shares after Global Hunter initiated the stock with a Buy rating. 10,000 calls and 400 puts have traded on the stock so far. June. July and Sep (register to read more …) [...]

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Another day of weakness in Clean Energy Fuels (CLNE) and high put volume have conspired to send implied volatility in the options on the stock racing to new 52-week highs. Shares are down 77 cents to $13.34 and have moved (register to read more …) [...]

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Pandora’s rally continues. Shares are up 94 cents to $10.76 in active trading of 3.7 million shares and now up 24.6 percent in just six trading days. Options on the Internet radio operator are busy for a second day. Like (register to read more …) [...]

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Renren (RENN) adds 51 cents to $6 in active trading of 10.8 million shares after the Chinese Internet company reported earnings and revenues that topped Street estimates. Options on the stock are actively traded as well, with 17,000 calls and (register to read more …) [...]

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Auxillium Pharmaceuticals (AUXL) is up 44 cents to $18.62 and a May – Jun 20 call spread is apparently bought on the stock for $1.30, 2324X. The activity probably rolls a bullish position after the Malvern, PA biotech released earnings (register to read more …) [...]

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Blue Nile (NILE) implied volatility is moving to new 52-week highs, as shares fall to three-year lows, ahead of the Seattle, WA fine jeweler’s earnings release. The company reports after the closing bell. NILE is down $1.90 to $27.16 on (register to read more …) [...]

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