Volume Spike Investor

Acorda Therapeutics, Inc. (NASDAQ: ACOR) was covered already this morning for its significant price-volume alert.  Including teh after-hours session at 4:45 PM EST we saw some 14.54 million shares trade and the stock closed out down 21% at $17.52.  This volume is impressive even if the price drop is not, but there was also a huge jump in the options trading for OCT-2009.  Here is the options volume today with a comparison to the open interest to show just how active this was:

CALL$    Volume    OpInt
17.50    6,020    931
20.00    20,124    1,184
22.50    2,536    6,054
25.00    35,130    5,919
30.00    6,497    8,258
PUT$    Volume    OpInt
7.50    1,805    310
10.00    6,758    1,484
12.50    4,989    2,511
15.00    14,979    9,448
17.50    10,468    12,271
20.00    4,884    10,206

The FDA made its data public today:

• http://www.fda.gov/AdvisoryCommittees/WhatsNew/default.htm

JON C. OGG
OCTOBER 9, 2009