Implied Volatility Alert: SVNT, ROK
07/29/09
SVNT puts active into PDUFA for gout drug
Savient Pharmaceuticals (SVNT) is recently down 47 cents to $14.75.
SVNT's Krystexxa, has a Prescription Drug User Fee Act (PDUFA) date of Aug. 1.
In June, the Arthritis Advisory Committee appointed by the FDA voted 14-1-0 (yes-no-abstain) for SVNT's biologics license application for Krystexxa, a novel biological drug for treatment-failure gout patients.
SVNT call option volume of 14,101 contracts compares to put volume of 29,980 contracts.
August option implied volatility is at 131 and September is at 100, according to Track Data.
ROK puts active on lower volatility as movement increases after EPS
Rockwell (ROK) is recently up 71 cents to $40.33.
ROK reported Q3 EPS of 23 cents, above the consensus of 20 cents.
Citi Global Markets has a hold/medium risk (2M) rating with a $32 price target on ROK.
ROK Aug 40 Puts have traded 60 times on transaction volume of 11,697 contracts, above its open interest of 11,690 contracts.
ROK August option implied volatility is at 40 and October is at 42, below six-month of 59, according to Track Data, suggesting decreasing price movement.
Posted at 3:06 p.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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