Options Spotlight: Abiomed
Looking for a company with heart? This week’s edition of Options Spotlight takes a look at Abiomed
– a high-flying stock that continues to gain the attention of the bears. The medical instruments company developed a battery-powered, implantable replacement heart system called AbioCor, which has received Humanitarian Device Exemption approval from the FDA.
In the Options Spotlight, I shine a light on what’s happening in the options world. In the case of Abiomed, put activity has been brisk on the shares as investors attempt to call a top to the security’s winning ways. What’s more, options players aren’t the only ones looking for a decline in the shares. For a closer look at Abiomed and its sentiment backdrop, please click on the video button below.
To read more of our analysis on the market’s biggest stories, please visit our Schaeffer’s Daily Market Blog section throughout the trading day.
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