Biosante Pharma (BPAX) Volatility Elevated on Trader Profit Taking

May 22, 2012 1:44 PM EDT
Biosante Pharmaceuticals (Nasdaq: BPAX) shares are more volatile Tuesday following a nice 56 percent run Monday.

Market data has implied volatility up 14 percent from Monday's close.

Call/Put interest is currently at 13 times.

Overall, shares are down about 6 percent with a little profit taking Tuesday. Volume is also heavy on the session.


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