Friday, March 30, 2007

DNDN Dendreon

Speaking of amusement park rides DNDN rockets (chart) up 145% today on positive FDA news. It is a tempting stock for a buy/write because of the 200% implied volatility on the May options. There is another FDA ruling due before that expiration, so the stock could see more wild trading in the interim.

I often find the day or two after the big news move as a better time to get in.

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