I dont know anything about this stock or what the pending event is the vols are jacked to the moon and I would probably sit this one out unless I had a much better understanding of the company and whats pending... just MHO
There's a pending FDA decision on a migraine medication which is a combination of 2 existing migraine meds (see earlier post in this chain).
Thanks I got the jist of that reading the thread.... I dont know enough about the company or the drug to dip into this pool
Summary Report July 31, 2007 5:57pm Volatile Stocks Stock Volume Price IVol RAS 21.3M 10.36 2.49 POZN 1.4M 16.65 2.07 FMT 5.3M 5.77 1.78 IMH 3.0M 2.46 1.62 Covered Calls Stock Price Strike Expires Premium DENN 4 2.5 Aug '07 1.70 POZN 16.65 15 Aug '07 4.35 NFI 9.72 10 Aug '07 1.85 NFI 9.72 10 Sep '07 2.83 Straddles (Aug '07) Stock Price Strike Premium % of Stock FMT 2.60 7.50 2.60 45.06 NFI 4.10 10.00 4.10 42.18 POZN 7.00 15.00 7.00 42.04 POZN 6.70 17.50 6.70 40.24
Don't be a Waterboy. "You can do it!" (wink) I don't think that the new drug is going to be anything of great significance in the world of medicine because it's just a combination of two existing medicines. However, it's of great importance to POZN because of their lousy financials (EPS of -.66 last year). But any which way, it's a directional play and so far, I haven't seen anything in the option premiums that provides for a reasonable degree of risk/reward w/o knowing that direction. And that's the two cents of my gist
Very very funny.... We have a crop of guys who trade individuals but thats not a name we trade and I dont sit on that desk. Long front month in SPX, just sold more vol then I should have ysterday. But that volatility trading stuff is just theory anyway, can I get you a gatoraide?