Implied Volatility Alert: AUXL, BCRX
08/28/09
AUXL September volatility at 113 into PDUFA
Auxilium Pharmaceuticals (AUXL) is recently down 20 cents to $28.08.
The FDA Arthritis Advisory Committee will review AUXL's Xiaflex (a treatment for Dupuytren's contracture, a condition that affects the hands) during an advisory committee hearing on Sept. 16.
AUXL September option implied volatility is at 113, October is at 86, and December is at 80, versus its six-month average of 76, according to Track Data, suggesting larger price movement into mid-September.
BCRX September call volatility at 127 and puts at 136 into flu season
BioCryst Pharmaceuticals (BCRX) is recently up 7 cents to $12.10.
BCRX's Peramivir is a flu treatment.
BCRX September call option implied volatility is at 127 and puts are at 136. December calls are at 113 and puts are at 125, versus its six-month average of 128, according to Track Data, suggesting larger near-term price movement.
BCRX puts are more expensive than calls because BCRX is difficult to borrow.
Posted at 3:15 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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