Notable Options Activity in Achillion Pharmaceuticals, Inc.

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Shares of Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) are lower on the session by 15.47%, currently trading at $8.03Option volatilities are higher with April21st +4.6 points, May +16.5 points, and June +8.2 points. The strike seeing the heaviest action is the May 2012 $10.00 call, which has traded 1,430 times on open interest of 190 contracts.ACHN has earnings scheduled for May 3rd. They also have a HepC drug and the drop may be due to the GILD/BMY news this morning.

27% profits every 20 days?

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