Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on Mar 30, 2007, 7:42 am
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Dendreon DNDN (news,
chart,
quote) - DNDN implied volatility Elevated into FDA Advisory Panel saying Provenge safe
DNDN is recently trading at$16.69 in pre-open trading, above its close of $5.12. The FDA Advisory Panel say's DNDN's Provenge is safe for prostate cancer. DNDN Provenge has a May 15th PDUFA date. JMPS say's "reiterate Strong Buy and increasing price target from $12 to $20." DNDN over all option implied volatility went out at 114 before DNDN was halted on 3/28/07. DNDN average option implied volatility was at 94 over the last 12-months according to Track Data.
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