Sidewinder Update: Amgen (NASDAQ: AMGN)


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Shares of Amgen Inc. (NASDAQ: AMGN ) climbed 52 cents to $57.98 during the first 10 minutes of trading this morning, but have since dropped to $57.39 following positive notes on the company's treatment for prostate cancer. More than 9,100 March 55 puts have crossed the tape out of the gate, and we saw one large block trade at a bid price of 91 cents per contract, indicating investors sold these puts possibly to close (current open interest is 9,960 contracts).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Options
Referenced Stocks: AMGN

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