Amylin Pharmaceuticals Inc. (AMLN)

[Volume]

Rumor: Amylin spikes up on renewed takeover speculation

On The Fly: Rumor Buzz
Market speculation today includes Amylin Pharmaceuticals (AMLN) which is said to be holding talks with Eli Lilly & Co. (LLY) for as much as $32 per share...Brocade Communications Systems (BRCD), up nearly 8%, is reportedly in talks with IBM (IBM) for $7.50 per share...DISH Network Corp. (DISH) is rumored to be acquiring TiVo (TIVO)...Banco Santander, S.A. (STD) is speculated again to be considering a bid for M&T Bank Corp. (MTB)...Semiconductor company Cree (CREE) is again the subject of takeover speculation. Last week Siemens (SI) was rumored to be considering a bid. :theflyonthewall

Amylin October volatility at 48, November elevated at 80 into PDUFA
Amylin is recently up 2c to $20.92 on renewed takeover chatter. PDUFA date for Bydureon is October 22. October option implied volatility is at 48, November is at 80, January is at 64 versus its 26-week average of 72. About 4,661 calls (616 puts) traded in AMLN with short term speculation focused on October 22 and October 24 calls according to Track Data, suggesting traders are expecting larger price movement. :theflyonthewall.com