Schaeffer's Option Bytes Features CV Therapeutics, Pacific Sunwear of California, OmniVision Technologies, New Century Financial, and Morgan Stanley
Businesswire, Tuesday, November 30, 2004 at 15:21
CINCINNATI, Nov 30, 2004 (BUSINESS WIRE) -- Among the stocks featured in the November 30 edition of Schaeffer's Option Bytes are CV Therapeutics (NASDAQ:CVTX), Pacific Sunwear of California (NASDAQ:PSUN), OmniVision Technologies (NASDAQ:OVTI), New Century Financial (NYSE:NEW), and Morgan Stanley (NYSE:MWD). Schaeffer's Option Bytes are just one of the many free market commentaries written everyday at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. Option Bytes are written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. For additional information about this report or to have it delivered to you free via email every day click on the following link: schaeffersresearch.com
Schaeffer's Option Bytes for Tuesday, November 30, 2004:
Below are just a few of today's Option Bytes. Click here to read all of today's Option Bytes: schaeffersresearch.com
1:35 PM Heavy Call Buying on CV Therapeutics
CV Therapeutics (NASDAQ: CVTX) is a development-stage company specializing in small-molecule drugs to treat chronic cardiovascular diseases. The company's at-the-money April 22.50 call (UXC DX) has traded more than 2,000 contracts, with nearly 1,600 of those contracts crossing on the Pacific Exchange. This volume executed as several large and small block trades that crossed the tape between 10:49 and 11:15 a.m. eastern time. The trades went off near the ask price at 3.50 and 3.60, suggesting they were purchases. With open interest of just 338 contracts, this could have been the initiation of a bullish long call position. CVTX was trading near 21.20 at the time of the option trades.
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I have no idea/opinion on the quality of this information.
george |
