I read about some unusual Call buying action in a small stock, INHB, a bio tech. On Friday apparently the volume of calls was 11,138 vs 937 puts, a curious day for the small stock's options. It turns out over the weekend, it was announced that BMY bought the small company for $26 a share, it closed Friday at $9.87.
I decided to take a look a 3C as I always like to follow these apparent leaks, here's what I found.
Both charts show strong accumulation since mid-December as the stock traded down, and note the accumulation on two parabolic drops (white boxes around price).
Here's the stock today...
Up nearly 142% in 1 day.
Between the options activity and the 3C charts above, you can make the call. The real question is whether Mary Schapiro will be making any calls, doubtful.
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