With normal Distribution the January Call Volume would roughly be 7,500 Contracts; however, the traded volume was ~ 90% above the normal. IMO, this by itself is an indication that the EMA Opinion will be rendered in January and not in February.
The jury is still out on Arena, no decision has been made or the answer is not yet certain. Each person should do their own DD and place their investment accordantly.
Monumental research has been published on this MB over the last two weeks each day the discovery of new facts emerged and posted on the MB with the purpose of generosity and-- without the expectation of anything in return--- which should be lauded and applauded.
Maybe, but it also could simply be a hedge by the large short sellers who have a very high risk in the chance that they do get the CHMP ruling early. The open interest is the key indicator and the Jan $10 Calls have had very high OI for more than a month now. So it could be an indicator, or simply a hedge.
Thanks for the compliments; however, I do not think I am that famous, lol....
The 7000 Call Contracts above the normal represent 700,000 shares worth roughly $7M, I doubt my posts had anything to do with that and to be honest, I hope not cause I do not need that kinda of headache... I am simply posting observations, the decision making is up to each individual.