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Biotech / Medical : IMNR - Immune Response

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To: Don Hurst who wrote (91)8/26/1997 5:40:00 PM
From: Don Hurst   of 1510
 
Looked around quite a bit but could not find any news.
Got to be some rumor out there or a broker upgrade that
I could not find.

Checked the options activity for IMNR and there was increased
call activity as you would expect but max qty was for 361 calls.
Not a lot but certainly much higher than normal for IMNR.

Surprising thing though was that max qty was not calls but
1550 Puts Feb 98s 7.5 at from 1 1/16 to 1 1/4, a change of 3/16 up.
OI from Monday shows 0 so it looks like someone(s) bought a lot
of Puts, $150,000+, or maybe they are all writes and someone is betting that come February IMNR is above 7.5. However, if they were writes I assume the change for the day would be minus not plus.

Regards,

Don

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