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Strategies & Market Trends : Synthetic Derivatives

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From: CapitalistHogg™9/28/2006 9:42:27 AM
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RNVS on BETM radar.

No idea what the event is at this time.

Way OTM calls are being traded through January up to the 30 strike.

Purely from the OI it looks bullish but also looks like the event timeframe is somewhat unknown. This stock has been heavily shorted in the past so I am skeptical of the OI information.

RNVS is a biotech company so (I'm still guessing here) they probably have a drug that could be a blockbuster but the probability of success is low.

More to come...
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