Implied Volatility Alert: SERP, ILMN
07/02/09
SEPR overall volatility low at 48 into disappointing data
Sepracor (SEPR) was recently trading at $15 in premarket trading, below its close of $17.89.
SEPR announced that SEP-225289 failed to meet its primary endpoint in a pivotal Phase II trial in patients with major depressive disorder.
SEPR also announced the FDA has put two Lunesta pediatric studies on hold due to concerns about non-clinical data that could be relevant to the use of Lunesta in children.
SEPR overall option implied volatility of 48, which is below its six-month average of 57, according to Track Data.
ILMN volatility low into pre-announced lower Q2 revenue
Illumina (ILMN) was recently trading at $31.45 in premarket trading, below its close of $38.14.
Illumina, a developer and marketer of next generation genotyping technology tools, lowered its Q2 revenue outlook.
ILMN July option implied volatility is at 37, August at 47; below its six-month average of 55, according to Track Data.
Posted at 9:30 a.m.
More Implied Volatility Alerts
Researcher Paul Foster has 23 years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options, and mergers and acquisitions.
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