Shares of BioDelivery Science International (BDSI) are even today at 12.04. ? BDSI is near the top of the 52 week range
Today paper traded the BDSI Jul 10/12.5 calls spread for a .20 credit 1350/2700x.? The ADV is 1236.? The OI is 3211 and 1282 contracts.
The volume went up in 2 large block.? More of the spread is trading with the volume total near 1500/3000.? Most likely this is a roll up taking profits on the 10 strike with the move in BDSI.? If not the trader is expecting a large move soon.? The IV is up 10 points in Jul so paper is buying contracts.
?30-day implied volatility is 107%. ? 10-day implied volatility is 26%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
BioDelivery Sciences International, Inc. (BDSI) is a specialty pharmaceutical company.