For those in last year on our huge intermune hit, here is a low-risk way to play the next announcement, although you limit reward.
Buy April 20 Calls $ 4.25, sell April 25 Calls at 3.25 for $100 to open per contract. Risk 100 Reward 400per contract if Intermune above 25 April 16.
Expect European results of pirefedone early 2011.
Happy Trading...
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