< So a distant, out-of-the-money call might a good play here..>
Thanks! June 35's look reasonable... 1-1 1/4.
Also, CNBC blabbing about biogen as a possible takeover target now, stock up big. Retail volume in the smaller stuff picking up again today probably in connection with the conferences?
May 15th-May 19th: Digestive Disease week, Orlando
May 15th -19th: ASCO
May 15th -19th AST… American society of Transplantation
May 24th -25th: Drug Delivery Systems conference, Wyndham Wash
Here are some names with retail buying:
MLNM,CNTO,BGEN,IMNR,IMCL,ICOS,PCYC (500Dec 12.5's!!!!),SUGN.
500 PCYC's... there is currently NO open interest... word is Smith Barney client bought 'em traders sold only 100 and the firm had to sell the rest (400). So some Smith Barney client wants 50,000 shares of PCYC on this dip. Unfortunately he's "puffing up" option prices in there for the rest of us.
DAK |
