Notable Put Options Activity in Chelsea Therapeutics

Shares of Chelsea Therapeutics

are lower on the session by 1.01%, currently trading at $3.94. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $4.00 put traded 2,500 times on open interest of 2,607 contracts. Put volume is outpacing call volume by 150 to 1. Chelsea Therapeutics International, Ltd. is a development stage pharmaceutical company that focuses on acquiring, developing and commercializing products for the treatment of a variety of human diseases.