Options/Stock Volume Spike in Affymetrix (AFFX)

Posted in General, Options 
December 9th, 2009

Affymetrix Inc. (NASDAQ: AFFX) saw high trading in the stock and in the options today.  The stock was up all day on hopes that it could be the next takeover in the biohealth and life sciences sector, although nothing definitive seems to be on the table.  Call options trading was high with the DEC09 $5 CALLS trading 2,057 contracts versus an open interest of 625 contracts.  What is interesting here on that is the DEC09 options expire in just 9 days now.  The stock closed up 13.5% at $5.38 on an unofficial closing bell basis on 2.79 million shares.  Average volume is 1.08 million shares and the 52-week trading range is $1.78 to $10.06.

JON C.  OGG

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