Thu, Apr 17, 2014, 8:22 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Astex Pharmaceuticals, Inc. Message Board

  • joeyw1 joeyw1 Mar 27, 2013 12:29 PM Flag

    news on protection type trades

    For the second time in a week, traders are selling protection in Astex Pharmaceuticals.

    optionMONSTER's tracking systems show the May 4 puts dominating the early options trade in ASTX. A trader sold 2,811 contracts for $0.25 bid price. Volume was more than twice the previous open interest, so this was a new position.

    He or she is betting the stock will hold above $4 through that May expiration. They're also willing to buy shares if they are below that level and they are assigned. (See our Education Section .)

    ASTX rose 1.41 percent to $4.32 in late morning trading, and hit a high of $4.58 earlier in the month before dipping down to $3.81. Shares bounced off support at $3 a month ago.
    Our trade scanners also detected similar put selling on Friday in ASTX's July 3.50s.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • According to the optionMonster article, someone is selling naked puts at the 4 strike. This is a bullish position as the seller either wants the stock at $4 or they want it to stay above 4 so they can pocket the option premium. This is the second time optionMonster detected this activity in less than a week, and the volume on these contracts is HUGE.

 
ASTX
8.4950.000(0.00%)Oct 10 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Advanced Micro Devices, Inc.
NYSEThu, Apr 17, 2014 4:00 PM EDT
Snap-on Inc.
NYSEThu, Apr 17, 2014 4:01 PM EDT