Bearish flow noted in Horizon Pharma with 3,647 puts trading, or 4x expected. Most active are Mar-23 100 puts and Feb-23 109 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 21.08, while ATM IV is up nearly 2 points on the day. Earnings are expected on March 1st.
Published first on TheFly
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Read More on HZNP:
- Horizon Pharma call volume above normal and directionally bullish
- Amgen price target lowered to $275 from $285 at Wells Fargo
- Amgen price target lowered to $258 from $268 at RBC Capital
- Amgen price target lowered to $253 from $276 at BMO Capital
- Amgen, Horizon Therapeutics receive second request for additional info from FTC
