it does look like there will be some news of some significance, EU decision date announcement, Celldex news, or other news regarding SGN35 from Seagen itself internally. Even with the shorts best efforts the PPS is holding pretty well and likely to close strongly. I have 55 March 15 options at 3.90 bid, looks like it may clear by the end of the day??
Don't know, but perhaps something to do with Euro approval. The CHMP meeting is this week with results to be announced on Friday. They don't pre-release drugs under consideration but Adcetris is certainly due time wise.
DON't worry shorts appaer to be be back in control..until the actual news is out. I believe its a big firm starting accumulation or hedgefund short-covering. Unfortunately I have bunch of March 15 calls which I could have cashed out this morning at 3.90, oh well...now I have to exercise them on Friday itself!