4,890 contracts of the March 90 calls were traded today. Institutional players are making a big bet that the stock hits 90 before Friday. According to the Street.com, all action was related to anticipation that Viagra would be approved before the end of the month. For the March 90 to be a winner for these guys making the big bets, approval needs to come in the next couple of days, or expectations that approval is just around the corner must continue to propel the stock forward very quickly. I would like to see their bet become a winner. Any comments or other news? Chris
You have to be beyond 90 by Friday for those calls to be worth anything. It's only half a million shares. I don't know what the price was on the march 90's but I have some June 85's and they were up 1.375.