Celldex Therapeutics is drawing bearish option activity ahead of quarterly results next month.
optionMONSTER's Depth Charge monitoring program shows that 5,400 March 7 puts were purchased for $0.80 to $0.85 today. This represents fresh buying, as open interest in the strike was only 45 contracts before the trades appeared.
Long puts lock in the price where a stock can be sold, so they make money to the downside. Investors use them to hedge long positions or to speculate on a drop.(See our Coaching section)
CLDX is down 8.82 to $8.75 near the final hour of trade and has dropped 42 percent in the last month. The biopharmaceutical company is expected to report earnings in pre-market hours on Feb. 24, about 3-1/2 weeks before today's puts expire.
Overall option volume in the name is 3 times greater than average today, according to the Depth Charge
CLDX is getting gored must be really glum at company when you know nobody believes your CEO is an honest person and you CFO liquidated as many shares as possible at much higher prices. It must really smell all around CLDX.
Do not show your face, do not answer questions, let everyone else decide your fate. Looks like CLDX will join Theranos as one of the better con jobs in the last few years. The babe at Theranos was better looking, though.
Company is incapable of bring any drug to market given impaired position. Will be sold and management dumped.
If no answer next shareholder meeting (if CLDX exists) should be a no holds barred come to table meeting .
Apperas execs at CLDX don't have any care in world.
Their sell side guys are lending and driving CLDX into the ground. Every firm following CLDX is responsible for our losses.
CLDX is a joke.
The employees that own stock must be astonished that management is closeted away. I guess if management does not speak and study is flawed they can't be prosecuted for securities violations..
I would watch all purchases of equipment and supplies by CLDX in near term to determine if legitimate or not.
CLDX is getting screwed by the firms that managed their offering and friends
Great team here have any companies you want to drive into the ground. They are the "Wreaking Crew"
Don't trust Cowen or their motives.....
If interest doesn't spike up you'll know the drop is not orchestrated by the "shorts" and might be a valid sell-off of a junky company.
Very important do not keep in margin accounts.
The SEC is too stupid to enforce this illegal activity until years after it has occurred. Goldman Sacks just got fined for violations that occurred years ago. The stock market is ae of ill refute populated by #$%$ supported by lawyers who sate as on Sixty Minutes- we are above the law because we write em.
It appears your trading ability is fleeting. Save your thoughts for yourself.
Buy all you can. Ask for the certificates, though so you can paper your wall with another bk company.
Yeah right... when they blow-up on the latest nes..... no more CLDX. Somebody will buy patents for pennies.
CLDX is doing patients and investors major harm in not be upfront on data and results. You can bet if they were good you could not buy the stock.