CIGX (formerly STSI) is trading 2.70 - up 440% since December. The IV30™ is up 8 points to 190. I lost money trading this stock when it was STSI and it lost a lawsuit against big tobacco - got emotionally tied to the story. It was the largest patent infringement suit ever and wreaked of impropriety from the judge all the way down. It was, and still is, simply the most fascinating story I have ever read related to finance. Curious minds can find the link in the article. NOTE: This takes a while to load, but man is it worth it! Anyway, the above did nothing and the stock went almost to zero. The recent news - if you can call it that, is this: Reference: http://www.benzinga.com/markets/com...s-favorite-under-5-stock-star-scientific-cigx 1. CIGXâs CEO has recently bought 2.3 million shares at $1.14 per share for $2.7 million. 2.CIGXâs largest investor, Tradewinds Master Fund, has also raised its stake in the company. The fund bought 1.7 million shares at $1.14 per share after entering the stock in December at as low as $0.59 per share. Tradewinds Master Fund now has a state of over 16% and, as per SECâs new rules, it cannot sell the shares for the next six months. 3.Robert Roskamp, who started the Roskamp Institute conducting research on Alzheimer's disease, bought 769,000 shares for $1 million. He has also bought the right (a warrant) to buy an additional 1,000,000 shares for $1.50 per share. The chief scientist at Roskamp Institute, Michael Mullan, was instrumental in ascertaining the relationship between the buildup of the beta-amyloid protein in the brain and Alzheimer's. Meanwhile, Star Scientific is also engaged in the development of pharmaceutical products for the treatment of a range of neurological conditions, including Alzheimerâs disease. There is a possibility that the institute is conducting its research on Star Scientificâs product or Robert Roskamp knows something. Unrelated to above - the stock actually jumped all the way to $3 right after the open today then fell to its current level. The Tick Chart is included (in the article). The company has traded nearly 11,000 options in the first hour on total daily average option volume of just 1,931. In reality, this thing has been trading tens of thousands of options in the last week every day. The Stats Tab and Day's biggest trades snapshots are included (in the article). The Options Tab (in the article) illustrates open interest - note the calls - even the Apr 4. Apr 5 and May 3 calls have large OI. Finally, the Charts Tab (6 months) is below (in the article). The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20™ - blue). The yellow shaded area at the very bottom is the IV30™ vs. the HV20™ vol difference. Note the stock run up AND the option volume bars at the bottom. The green color indicates unusual opening order call buying by customers relative to opening order put buying - from ISE. This is trade analysis, not a recommendation. Details, trades, prices, charts here: http://livevol.blogspot.com/2010/03/cigx.html