Pharmasset Inc. (VRUS) is recently up $6.56 to $76.96, after the company initiated a phase 3 trial of its hepatitis C treatment and said it expects to submit data for marketing approval in 2013. December call option implied volatility is at 76, February is at 64; compared to its 26-week average of 64.
Leap Wireless (LEAP) is recently up 96c to $7.91 as its Q3 loss narrowed from a year ago. November call option implied volatility is at 99, December is at 94; above its 26-week average of 60.
Baker Hughes (BHI) is recently down $4.90 to $53.12 on reported Q3 revenue of $5.18B vs. consensus $5.17B. November put option implied volatility is at 59, December is at 55 above its 26-week average of 41, suggesting larger price movement.
CBOE S&P 500 2% OTM BuyWrite Index (BXY): www.cboe.com/BXY is down 1.7% to 1008.40; below its 10-day moving average of 1015.83