Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on May 30, 2006, 1:16 pm
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Forest Labs FRX (news,
chart,
quote) - FRX July option implied volatility is Elevated into Patent Litigation
FRX patent litigation against TEVA's generic version of FRX's Lexapro (antidepressant) is expected in June or July. TEVA received FDA approval for its generic version of Lexapro on 5/22. FRX reported Lexapro sales of $1.9 billion in 2005 compared to total FRX revenues of $3.1 billion. FRX July option implied volatility of 60 is above FRX's 26-week average of 34. Above average option implied volatility suggests larger price fluctuations.
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