livevol_ophir
ET Sponsor
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" />
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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>
<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>
