On March 8, 2017 $VVUS closed at $1.04, which is -0.04 from the previous day close.
Then they released the following news and share prices spiked up 23%.
Vivus beats by $0.31, beats on revenue
Vivus (NASDAQ:VVUS): Q4 EPS of $0.54 beats by $0.31.
Revenue of $81.8M (+433.2% Y/Y) beats by $32.98M.
Shares +23% AH.
It looks like the ones who bought call options going into today’s quarterly earnings release will be hard pressed to turn a profit. Those option premiums look expensive.