Spectrum Pharmaceutecals Inc (SPPI)

[Cashinfist]

Spectrum Pharm volume and volatility elevated

BY Fly On The Wall
— 3:46 PM ET 08/31/2009
Spectrum Pharm, a commercial stage biopharmaceutical, is recently up 78c to $8.49. SPPI is presenting at the Rodman and Renshaw Annual Global Investment Conference on September 10. SPPI call option volume of 14,534 contracts compares to put volume of 3,195 contracts. SPPI September option implied volatility is at 173, October is at 150 and November is at 131; above its 26-week average of 109, according to Track Data, suggesting larger price movement.