Notable Call Options Activity in Targacept
Shares of Targacept (NASDAQ: TRGT) are higher on the session by 2.94%, currently trading at $7.70. 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 calls today. The strike seeing the heaviest volume is the May 2012 $17.50 call, which has traded 3,040 times on open interest of 10,071 contracts. The May 2012 $10.00 put also traded 3,000 times on 171 contracts.
Calls are outpacing puts today by 26 to 1.
Targacept, Inc. is a biopharmaceutical company engaged in the design, discovery and development of neuronal nicotinic receptor Therapeutics for the treatment of diseases and disorders of the nervous system.
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