Sepracor (NASDAQ: SEPR) is recently down $2.89 to $15 in pre-open trading. SEPR announced that SEP-225289 failed to meet its primary endpoint in a pivotal Phase 2 trial in patients with major depressive disorder. SEPR also announced the FDA has put two Lunesta pediatric studies on hold due to concerns about non-clinical data that could be relevant to the use of Lunesta in children. SEPR over all option implied volatility of 48 is below its 26-week average of 57, according to Track Data, suggesting decreasing price movement.
NASDAQ 100 - QQQQ overall implied volatility at 26; 26-week average is 33.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
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