a friend of mine is keeping an eye on the options for me. he sent me this today.
"Not huge volume, but some activity none the less. 210 Sept 5 calls traded at .80 which is up from the previous trade. Not bad considering that premiums usually show some time decay after a 3 day weekend and on a down market day. I don't see any obvious indicator that this is part of a straddle or a more complex option strategy - looks like a straight option purchase (although it would help to know the breakdown of the volume - all or most one position or several positions, based on the other option volume it would seem to be mostly one or two purchases)."
NOLs. I see a lot of value in it. I just dont see it overwhelming the poor royalty rate - I just cant see a Board of Directors of a large public company explaining to their shareholders why they bought a company for $1 billion because of NOLs, and also explain to their shareholders that 88% of the revenues will be going to another company.
There were some bogus idiots on Twitter saying JNJ or RHHBY were going to buy CRIS shortly.
I hope that wasnt the reason the stock was up today (unless they were solid rumors)...however, there is not a single source out there than can confirm these rumors other than the two clowns who started it.