Amylin Active on Takeover Speculation (AMLN)
Shares of pharmaceutical company Amylin (AMLN)are trading up this morning on renewed takeover speculation. Shares are up 1.3% to the 13.22 level. Volume is moderately heaving for this time of the day in the name.
Given the current market weakness AMLN is holding up very well despite the market weakness. Option traders are confusing on the November 14 and 15 calls with nearly 4500 contracts trading vs. 350 or so puts.
Implied vol is up to 58 in front month options.