IMGN closed $7.10 on Friday, with IV30⢠up 25% coming into this morning's conference call. The <a href="http://www.livevol.com/">LIVEVOL⢠Pro Summary</a> is below. <img src="http://www.livevolpro.com/help/images/blog/imgn_summary.gif" /> ------------------------------------------------------------------- <a href="http://www.livevolpro.com/help/free_trial.html"><img height="200" src="http://www.livevolpro.com/help/images/blog/lvp_trial_ad.gif" /></a> For a limited time we are offering a FREE real-time trial to Livevol Pro⢠for non-professional traders. You can get your trial by following the directions here: <b><a href="http://www.livevolpro.com/help/free_trial.html">Click for Free Trial Offer</a></b> ------------------------------------------------------------------- The company traded over 16,000 options on total daily average option volume of just 912. All but 1,594 contracts were calls, yielding a 9:1 call : put ratio. The action was in the Oct 7.5 calls for ~$0.275 were cust bought outright. Color from Mike Bristow, Vtrader Group. The Stats Tab and Day's biggest trades snapshots are included (<a href="http://livevol.blogspot.com/2010/10/imgn.html">in the article</a>). <img src="http://www.livevolpro.com/help/images/blog/imgn_stats.gif" /> The Options Tab (<a href="http://livevol.blogspot.com/2010/10/imgn.html">in the article</a>) illustrates that the calls were substantially opening (compare volume to OI). Finally, the Charts Tab (6 months) is <a href="http://livevol.blogspot.com/2010/10/imgn.html">in the article</a>. The top portion is the stock price, the bottom is the vol (IV30⢠- red vs HV20⢠- blue vs HV180⢠- pink). The yellow shaded area at the very bottom is the IV30⢠vs. the HV20⢠vol difference. We can see in late August the stock gapped down hard but since then has done a steady climb up. Today the stock is trading $7.75 pre-market on the conference call. The calls bought for $0.275 at this moment, pre-open are worth at least that in parity, so those look like a winner as of right now. The Nov 7 calls also traded substantially opening purchases for ~ $0.75. Those could be a winner, but we'll have to see where vol goes. This is trade analysis, not a recommendation. Details, trades, prices, vols, charts here: http://livevol.blogspot.com/2010/10/imgn.html Follow Live Trades and Order Flow on Twitter: @Livevol_Pro Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>
I've owned the shares for some time. It's nice to see they're coming back. The astonishing thing is that I *haven't* sold 7.50 covered calls on the shares. Usually my stocks don't go anywhere until I sell near the money covered calls on them, and then they shoot to the moon.