What is going on with KERX? It's up almost 4%.
Do insiders already know that there are positive test results for their new kidney disease drug? The results haven't been announced yet.
Options implied volatility is way up too. Something is going on here.
I couldn't resist the volatility and played this on Friday.
For my Jan 2013 option play, I'm hoping the test results don't lift the stock price up too high. I need it to stay below the 3.80 mark.
We'll wait and see how my gamble turns out.
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