Barr Pharm (NYSE: BRL) is recently trading at $54 in pre-open trading, above its close of $46.82.
The Israeli Globes online reported Teva Pharma (NASDAQ: TEVA) is in talks to purchase BRL.
BRL option volume was heavy on July 16, with 24,391 contracts trading. BRL August option implied volatility is at 56, November is at 43; above its 26-week average of 30 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com



