Van over a week ago--
Siga Technologies call volume above normal and directionally bullish 07/06 SIGA Bullish option flow detected in Siga Technologies with 7,772 calls trading, 2x expected, and implied vol increasing over 5 points to 139.15%. Jul-22 15 calls and Jul-22 12.5 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.19. Earnings are expected on August 4th.
I guess it's no surprise SIGA stalled out today at $15.
How do you read this.? After July 22 the stk takes off again?
Or do you see something shaping up against the name?