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Schering-Plough SGP (news,
chart,
quote) - SGP volatility at 55 after disappointing cholesterol study
SGP is recently down $5.07 to $14.36. A panel of cardiologists called on physicians to sharply curtail their use of cholesterol-lowering drugs Vytorin (combination of MRK's Zocor an SGP's Zetia) and Zetia after a clinical study showed the drugs didn't work better than less expensive statin drugs. SGP call option volume of 68,275 contracts compares to put volume of 27,152 contracts SGP April option implied volatility of 55 is above is 26-week average of 36 ac |
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