AtheroGenics AGIX (news,
chart,
quote) - AGIX option Pricing Elevated into Data presentation on 9/5
AGIX closed at $2.49. AGIX focuses on the discovery, development and commercialization of novel drugs for the treatment of chronic inflammatory diseases. AGIX announced on 8/29/07 new scientific data of its oral antidiabetic agent AGI-1067 will be presented at the European Society of Cardiology Congress on 9/5/07 in Vienna Austria. AGIX at the money September 2.5 straddle is priced at .90 cents. AGIX over all option implied volatility is at 137 according to Track Data, suggesting larger price moment.
DISCLAIMER: RED Option, in an attempt to provide the best resources from some of the industry's most capable people, has introduced our Market Minute commentary. RED Option does not endorse this commentary or information as trade recommendations nor does it have any input whatsoever into the decision making. Any content for the Market Minute is the sole opinion of the author.