Check out the volume on the July calls for VRTX (28.51)
$30 strike price trader 1995 calls.
$35 Strike price traded 5285 calls. - Some one bet $26,000 that VRTX price will go higher than $35 before EOD July 20th.
I checked almost all the other expiry dates for the $35 strike price and the volume is high only on July. This means it's not like someone is moving the calls to a later date. A sure way to tell is if the Open Interest in the $35 strike price goes up to about 14700 tomorrow.
Showing posts with label VRTX - Vertex Pharmaceuticals. Show all posts
Showing posts with label VRTX - Vertex Pharmaceuticals. Show all posts
Tuesday, July 10, 2007
Thursday, July 05, 2007
VRTX - Vertex Pharmaceuticals is a buy
VRTX which is currently at 52 week low is a strong buy based on technicals, valuation and a probablility of the drug coming to market before 2010.
Look at the trading in the stock and the volume. It's at a great place technically. See the strong volume on up days. Today it picked up in the last 45 minutes or so on very heavy volume. There might be a rumor of a buy out but surely don't trade based on that.
Look at the trading in the stock and the volume. It's at a great place technically. See the strong volume on up days. Today it picked up in the last 45 minutes or so on very heavy volume. There might be a rumor of a buy out but surely don't trade based on that.
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