Il titolo in questione rilascerà questo mese notizie sulla sperimentazione della versione orale di un farmaco.
Si è decisamente aperta una skew tra le scadenze e provando ad impostare una combinazione di double diagonal il grafico con tos è il seguente:
Qui di seguito un articolo trovato sul titolo:
United Therapeutics Corp. (UTHR) shares are likely to rise when data from a drug trial come out, which is expected this month, and options are a good way to bet on potential gains, according to Goldman Sachs Group Inc.
Investors should buy United Therapeutics July $65 calls, according to Goldman options strategists Katherine Fogertey and John Marshall. They cited Terence Flynn, Goldman’s analyst on the company, who sees a 75 percent chance of a positive outcome from a Phase 3 trial of an oral version of the Remodulin drug and rates the stock a “buy.” Shares of the Silver Spring, Maryland-based company fell 0.7 percent to $63.11 yesterday.
“We see calls as attractive to own versus stock,” the New York-based strategists said, using Flynn’s estimate that the stock could trade at $82 if oral Remodulin is successful, or fall to $58 if it fails. “Our analyst’s upside is stronger than options imply” given volatility levels, they wrote. June implied volatility is 102 percent, while July’s is 77 percent and August’s is 63 percent, they said.
United Therapeutics has risen 20 percent in the past year, compared with a 27 percent gain by the Standard & Poor’s MidCap 400 Index. The company’s price-to-earnings ratio is 34.1, compared with 21.3 for the index. The stock has declined 11 percent since April 27, after United Therapeutics reported first-quarter revenue and adjusted earnings-per-share that were below analyst estimates.
“Following approval, our analyst views United Therapeutics as a strong merger-and-acquisition candidate, keeping us from recommending longer-dated options, despite the lower implied volatility,” Fogertey and Marshall said.
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Da optionetics inoltre si rileva che la iv è salita dopo il 13 maggio qui di seguito i dati rilevati:
Date Close >90 Day ATM IV 30-60 Day ATM IV 7-30 DAY ATM IV
2011-05-13 67.29 57.2 63.5 32.9
2011-05-16 66.21 58.5 66.8 Â
2011-05-17 65.10 58.3 68.5 Â
2011-05-18 65.51 57.7 Â 64.0
2011-05-19 65.27 57.3 Â 65.8
2011-05-20 65.60 57.2 Â 72.9
2011-05-23 64.67 55.6 Â 81.4
2011-05-24 64.66 Â Â Â
2011-05-25 64.64 56.1 73.2 83.3
2011-05-26 64.95 55.1 73.6 82.0
2011-05-27 64.71 55.7 73.8 84.2
2011-05-31 64.57 55.7 78.6 98.8
2011-06-01 63.58 59.5 82.6 107.0
2011-06-02 63.11 59.5 85.7 109.0
2011-06-03 62.70 59.1 89.6 120.7
Io ieri ho provato ad entrare con una strategia double diagonal e/o calendar, ma gli spread non me l'hanno consentito.
vedremo lunedì.
Che ne pensate?
Avete altre notizie in merito?
qualcuno ha già fatto qualcosa?
Buon fine settimana a tutti
Mario
