BURP'S PLACE!

[realfast95]

$XON - $27.39 very volatile

This was back on August 17, 2016 Wed 9:24 AM CT when it was $28.58

http://www.optionmonster.com/news/article.php?page=how_calls_are_playing_for_rally_in_intrexon_115625.html

optionMONSTER's market scanner shows that more than 3,200 October 33 calls were purchased for $1.55 to $1.75 today. This represents fresh buying, as open interest in the strike was a mere 26 contracts before the trades appeared.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

XON is down 0.94 percent to $28.58 in morning trading but is up 12 percent in the last month. The biotechnology company reported bearish quarterly results on Aug. 9 and is scheduled to announce its next earnings numbers after the close on Nov. 7.