There's no activity in any of the option months available. Even though it would make sense for GSK to proceed with a buyout there's no option confirmation.
Perhaps a MERGER MONDAY ??? GSK has the financial muscle for this little nugget, knows the technology inside & out and is already an investor at the table. The question is whether they want to close this out now and put the story to bed or not.
Their strategy waa to wait previously, however the ELN bid and the comments form management that they had several offers for the stream will push the decision forward...
Sentiment: Strong Buy
Very strong buying of the July, 40 calls
228 contracts is not what would constitute strong buying for an anticipated buyout..
Some buying of the 38 calls expiring today , small so far and some 40 call for July, uncertainty due to previous GSK rumors , I think this will get done fairly soon
Look at July, up big!!
Yes I see it up 1.05 to 1.25