Amylin (AMLN) volatility flat on wide share price movement

Amylin (Nasdaq: AMLN) is recently down $1.27 to $23.69 after rallying last week on renewed buyout reports that Bristol-Myers (NYSE: BMY) was interested according to wire reports. Citigroup has a $18 price target on the company. April put option implied volatility is at 74, May is at 68, July is at 60; compared to its 26-week average of 72 according to Track Data.

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