PFE Playing Pfizer. In this morning @ 28.91. At 28.75 as of 11:00.
Big volume last three days- 3.1 x's 90 daily average volume
On June 12th Pfizer announced it will receive a 1.376B settlement from TEVA and Sun.
Speculation on a share buyback. Also, of possible interest in Peregrine.
Option activity is high.
I saw the massive straddle for July. What do you think is the strategy being played there. Do you think they are betting on a huge up or down. Did they sell the puts and bought the calls expecting massive upside north of 35 or did they sell the calls and bought the puts expecting massive down? I