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Spectrum Pharm (SPPI) July volatility at 199 into PDUFA

July 1, 2009 8:52 AM EDT
SPPI Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)
Spectrum Pharm (Nasdaq: SPPI) : Spectrum Pharm is recently down 36c to $7.29. SPPI's Zevalin, a first line consolidation therapy for non-Hodgkin's Lymphoma, has a PDUFA on July 2. SPPI July option implied volatility is at 199, August is at 140, November is at 118; above its six month average of 100, according to Track Data, suggesting large price risk. Paul Foster

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