Notable Call Options Activity in Targacept

Shares of Targacept

are lower on the session by 0.26%, currently trading at $7.72. 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 January 2012 $10.00 call, which has traded 6,150 times on open interest of 4,622 contracts. The Jan2012 $15.00 call also traded 6,000 times on 329 contrats. Calls are outpacing puts today by 63 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.