Shares of Exact Sciences Corp. (EXAS) are trading down .03 today to $9.96. EXAS traded as high as $10.90 today and recently hit a three-month high of 12.7 on October 8th.
Early morning paper bought EXAS Jan 9 calls for 1.45 lifting the offer at the time.? Blocks of the Jan 9 calls went up 2,000 times, and total contract volume on the day is over 3,000 on the strike.? Volatility is up 6% in the EXAS Jan 9?s to 66.40%.? Open interest of 166 contracts indicates this was an opening buy.
30-day implied volatility is 60%.?? 10-day implied volatility is 27%.? 30-day implied volatility is trading well over the 10-day historical volatility.? EXAS earnings are after the Jan cycle so the buyers are expecting a move up before earnings.
Exact Sciences Corporation (EXAS) is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer.