Jazz Pharmaceuticals (JAZZ)

[stocktrader001]

Someone is looking for a big move from Jazz Pharmaceuticals.

optionMONSTER's tracking programs detected the purchase of about 2,000 April 50 puts for $0.50 and 2,000 April 60 calls for $0.55. The trade dominated activity in the Irish drug maker, which normally sees volume of about 700 contracts per session.

Know as a strangle , it cost $1.05 and will make money from the shares making a strong move higher or lower over the next month. If they remain little changed, the position be rendered worthless. See our Education Section for other volatility strategies.

http://finance.yahoo.com/news/big-move-expected-jazz-pharma-061305770.html