Option Update: Schering-Plough volatility elevated into clinical study

Posted Mar 31st 2008 8:59AM by Paul Foster
Filed under: Merck and Co (MRK), Options

Schering-Plough (NYSE: SGP) is recently at $15.80 in pre-open trading, below its close of $19.47.

A panel of cardiologists called on physicians to sharply curtail their use of cholesterol-lowering drugs Vytorin (combination of Merck's (NYSE: MRK) Zocor an SGP's Zetia) and Zetia after a clinical study showed the drugs didn't work better than less expensive statin drugs.

SGP April option implied volatility of 58 is above is 26-week average of 36 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: inthenews, mrk, option implied volatility, OptionImpliedVolatility, Schering-Plough, sgp

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Option Update: Schering-Plough volatility elevated into clinical study