Notable Put Options Activity in MannKind

Shares of MannKind (NASDAQ: MNKD) are higher on the session by 0.30%, currently trading at $3.39. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. A short while ago the January 2013 $2.50 put traded 5,000 times on open interest of 16,713 contracts. This appears closing.

Put volume is outpacing call volume by 1.25 to 1.

MannKind Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutic products for diseases, such as diabetes and cancer.