Idenix Pharmaceuticals (IDIX)

[Jonathan Robinson]

As an option player the late June date is interesting as it means one might be able to sell vol with no event since June options expire on the 15th. That being said, there has been almost no vol in IDIX options to date (have not looked in past week or so except to almost buy some October 7.50s - which to my chagrin, I did not do). And yes, I was going out as far as October to try and capture the event given what happened in march.

Jon