Calls Purchased on Medicis Pharma (MRX)
July 20, 2010 1:33 PM
Shares of Medicis Pharmaceutical Corp. (NYSE: MRX) are higher on the session by 1.13%, currently trading at $24.17. The stock has been trading largely lower over the past four months, though has caught some bids as of late.
Options traders are buying calls on the name today. The August $20.00 call was purchased 1,200 times, on the offer, a short while ago; open interest on the strike is only 11 contracts, indicating new, bullish positioning.
Call volume is currently running at 4.42x the daily average.
Medicis Pharmaceutical Corporation is a specialty pharmaceutical company focusing primarily on helping patients attain a healthy and youthful appearance and self-image through the development and marketing in the United States of products for the treatment of dermatological and aesthetic conditions.
