PharmAthene Inc. (PIP) shares are trading 1.99 up .19 today.? The shares are trading at a one-year high.
Today paper bought the PIP Apr 2.5 calls for prices of .35 -.45 on volume of 781 contracts. ??Average volume is 221 contracts per day in the name.? Open interest is 795 contracts.
The trade looks like scattered buyers bidding up the cheapest call into earnings on the 13th.? IV in Apr is up 22 points to 208.46.
30-day implied volatility is 208%.?? 10-day implied volatility is 74%.? 30 day implied volatility is trading well above the 10 Day Historical volatility.
PIP develops treatments of diseases associated with biological warfare threats.