Options Brief: Allergan (AGN)

AGN – Allergan, Inc. – Shares of the health care company engaged in developing and commercializing pharmaceuticals, biologics and medical devices increased 1.80% in morning trading to stand at $60.71 just ahead of 11:00 am (ET). Bullish investors positioning for additional share price appreciation by expiration next month picked up at least 1,200 calls at the June $65 strike for an average premium of $0.41 per contract. Call buyers are prepared to profit should Allergan’s shares jump 7.75% over the current value of $60.71 to surpass the average breakeven price of $65.41 by June expiration.

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Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

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