CHTP - News is Out, Friday was a Trading Opportunity

Discussion in 'Options' started by livevol_ophir, Sep 20, 2010.

  1. livevol_ophir

    livevol_ophir ET Sponsor

    CHTP is trading $6.40, up 26.5% with IV30&#8482 down 193 vol points or 67%.

    <img src="">

    On Friday right near the close I wrote this:
    <b><a href="">Chelsea Therapeutics (CHTP) - Bio-tech Stock Pops</a></b>.

    I noted a wild pop in CHTP out of nowhere. The Tick Chart from that day is included (<a href="">in the article</a>):

    <img src="">

    Today we finally get the follow through on the news. The Phase III results were positive, vol is gone, stock is ripping (though well of the day highs. The Key Developments snap from Livevol Pro (from Reuters) is included <a href="">in the article</a>:

    Hopefully some of you made some money on this. I didn't.

    This is trade analysis, not a recommendation.
    Details, trades, prices, vols,charts here:
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