Celgene (CELG) calls active on solid Q1 results

Celgene (Nasdaq: CELG) May 62 and June 62 calls are active on total call volume of 31K contracts (4K puts) following better than expected Q1 results. Wells Fargo say's "Solid 1Q results set stage for a stronger 2011; raising estimates." May call option implied volatility is at 26, June is at 29; compared to its six-month average of 29 according to Track Data.

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