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Vivus VVUS (news,
chart,
quote) - VVUS June straddle bid Up into final results
VVUS closed at $7.36. VVUS rallied 26% on May 23 after its obesity drug, Onexa, met its goal in treating diabetes patients in data from a mid-stage trial. Final results are expected on June 10. Wachovia say's "Downgrade to Market Perform following recent run Up." VVUS June 7.5 straddle is priced at $1.80, July 7.5 straddle is priced at $2.30 according to Track Data, suggesting larger price movement.
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