Archive for June 26th, 2008

Options Spike: NRG Energy & Mirant (NRG, MIR)

There are two options contracts that are the most active on the CBOE today, and both are electric producers and power generation.   NRG Energy, Inc. (NYSE: NRG) and Mirant Corp. (NYSE: MIR) hold the two top spots for options trading so far this morning. NRG’s JUL08 $42.50 CALL    with 15,005 contracts traded, and prior open [...]

Day 2 Volume Surge: Advanced Battery Technologies Inc. (ABAT)

Advanced Battery Technologies Inc. (NASDAQ: ABAT) is a tiny stock with a mere $277 million market cap.  Its shares are up another 8% at $5.55 today as of 10:22 AM EST with already 692,000 shares having traded hands. We saw over 1.15 million shares trade hands yesterday and today looks like we’ll easily pass that [...]

Price/Volume Spike: VANDA PHARMA (VNDA)

Vanda Pharmaceuticals, inc. (NASDAQ: VNDA) shares are indicating higher with some 2-hours to the open after scoring solid marks on Phase III insomnia results. At 7:30 AM EST we have seen some 23,200 shares trade hands with a last print of $5.89 in this pre-market session. Shares closed at $4.99 and its 52-week trading range [...]