Notable Put Options Activity in SciClone Pharmaceuticals
Shares of SciClone Pharmaceuticals (NASDAQ: SCLN) are higher on the session by 1.86%, currently trading at $4.37. The stock has been moving largely lower over the past three months, though it is currently testing the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $5.00 put, which has traded 1,600 times on open interest of 61 contracts. The Jan2012 $5.00 put also traded 1,600 times on 1,711 contracts.
The roll was executed for $0.25.
Put volume is outpacing call volume by 3,000 to 1.
SciClone Pharmaceuticals, Inc. is a global specialty pharmaceutical company. It has a product portfolio of therapies for cancer and infectious diseases.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.