Someone Made $3 Million Off the Bristol Myers Purchase of Inhibitex

If there's a trader you should follow these days it's Jon Najarian. He's appeared to have made a killing on Wall Street the past few weeks with some of his bets. Najarian monitors the options market and the put and call numbers to see what stocks might jump or sink. On Friday, Jon Najarian said his heat seeker tool at OptionMonster identified big call buying activity in Inhibitex. Well, what happened over the weekend? Oh, not too much, just Bristol Myers announcing they were purchasing Inhibitex for 2.5 million, $26 a share. Inhibitex was trading for

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Tagged bristol myers, fishy, inhibitex, jon najarian, zerohedge