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Marty Chilberg
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Marty Chilberg is a seasoned financial professional with over 30 years of executive leadership, board, consulting and advisory experience.  He began his career as a certified public accountant (CPA). He moved to Silicon Valley in 1981 to begin his career in the software industry, working for... More
  • Insys Therapeutic INSY: Watching The Call Premium 0 comments
    Aug 22, 2014 9:15 AM | about stocks: INSY

    INSY is building a nice technical chart after retesting the low around $22.50. Stock is now above the 100 day MA. Volatility is up as is the call premium. Watch the Sep 20 $35 strike for a tell on sentiment. Currently this strike is 2.4% above yesterdays close. The last trade premium is $2.20 so the stock would have to move 9% in the next 30 days for holders of the call to be in the money. The bid/ask spread is $1.80/$ 2.30 as of close yesterday but if the stock reacts to the Ukraine news, I suspect the spread will increase fairly soon.

    Disclosure: I'm long and have sold this Sep $35 call against it.

    Stocks: INSY
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