Zogenix Inc. (NASDAQ:ZGNX) Options Imply a +/- 30% Move by July 20, 2018
Catalyst for Move
* Study 1504 fully enrolled with 87 randomized patients; top-line results expected late June/early July
Options Premiums Elevated
Options traders have bid up option premiums with the July 20, 2018 expiration implying a 31% move in either direction. See Options Summary
Using the Historical Price Return Distribution Report with a 5 year history of daily returns shows there were 2 other times ZGNX had a move that exceeded 31% in one day.