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Amgen (AMGN) October volatility flat at 44 into FDA action

June 9, 2009 8:24 AM EDT
AMGN Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)

Dividend Yield: 2.1%
EPS Growth %: +20.1%
Amgen (Nasdaq: AMGN) : Amgen-AMGN $50.92. AMGN will present at the Goldman Sachs 30th Annual Global Healthcare Conference on June 10. AMGN is expected to provide an update on denosumab. AMGN's denosumab for treatment/prevention of postmenopausal osteoporosis and for bone loss in prostrate or breast cancer patients on hormone ablation therapy has a FDA action date of October 19. AMGN July option implied volatility is at 39, October is at 44; near its six month average of 42 according to Track Data, suggesting non-directional price movement. Paul Foster

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