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Astex Pharmaceuticals, AŞ Message Board

  • maximus06906 maximus06906 Mar 7, 2013 4:15 PM Flag

    Option Activity to Blame for Some of the Volume?

    Huge volume again today. Here is something from a news service that talks about unusal trading volume today. This was at 11:25am today:

    • StreetAccount reports stocks trading on unusual volume vs full-day 30-day moving average, without immediately obvious company-specific news
    o Up on unusual volume:
     288% - ARCP (AR Capital) +1.0%
     264% - ASTX (Astex Pharmaceuticals) +2.4% -- 1.1M share block trades $3.92 (tied to options)
     257% - LAZ (Lazard) +0.7% -- 1.5M shared block trades $36.50
     163% - IPHI (Inphi Corp) +2.2% -- 300K share block trades $9.55
     129% - CALL (magicJack VocalTec) +4.4%
     97% - EVER (EverBank Financial) +2.1%
     89% - QRE (QR Energy LP) +4.1% -- earnings follow-through
     84% - LSE (CapLease) +1.5%

    Had an options person that I respect take a look. It appeared to him that someone was replacing their options that were bought in Jan 12 with the stock. They paid 49 cents in Jan 2013 for April 3 calls.

    Can't say that I totally understand the logic or intention but wanted to share the info with the group. All I know is that someone WANTS this stock. As I said yesterday, I think there is partnership news coming and if I had a dollar to bet I would say wiith GSK. Just a hunch. Would love a buyout at 8/9 per share.

    Max

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