QLT Inc QLTI (news,
chart,
quote) - QLTI Options active as Short term Traders Try for Rally on Tax Selling
QLTI is up .07 to 6.27. QLTI has traded 14,880 calls and 1,580 puts on speculation that the pharmaceutical company will be purchased or restructured. Short term traders have been buyers of QLTI shares from tax loss sellers on the hopes for a share price rally next week. QLTI January option implied volatility of 62 is above its 26-week average of 51. Above average option implied volatility and volume suggests larger price fluctuations or risk.
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