Options Update: ImClone (IMCL), Stillwater Mining (SWC) & GTX Inc. (GTXI)
ImClone (IMCL)
IMCL Volatility Skewed Into May Event; April Volatility At 48, May At 60
IMCL, an oncology care company, closed at $42.02.
Phase 3 FLEX results on Erbitux in 1st-line NSCLS is expected in June 2008.
IMCL May option implied volatility of 60 is above its 26-week average 46, suggesting larger price risks.
Stillwater Mining (SWC)
SWC Volatility Elevated After Sharp Rally On Palladium Into EPS
SWC is scheduled to report Q4 EPS on February 26.
SWC extracts, processes, refines and markets palladium and platinum.
SWC March option implied volatility of 85 is above its 26-week average of 63, suggesting larger price movement.
GTX Inc. (GTXI)
GTXI Volatility Decreases After Shares Rally 41% On Positive Data
GTXI is recently up $5.40 to $18.21.
GTXI reported positive Phase 3 data for its Toremifene Citrate, which treats side effects of prostrate cancer.
GTXI April call option implied volatility is at 91, puts are at 101; this is below its two month average of 136, suggesting decreasing price movement.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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