Huge Options Activity in Alexza Pharmaceuticals
January 23, 2012 11:32 AM
Shares of Alexza Pharmaceuticals (NASDAQ: ALXA) are lower on the session by 14.00%, currently trading at $0.688. 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 March 2012 $1.00 call, which has traded 30,600 times on open interest of 45,224 contracts. The Jun2012 $1.00 call also traded 30,000 times on 27,664 contracts.
The majority of this action stems from a 25,000 contract Jun-Mar $1.00 spread, which was executed at $0.30.
Calls are outpacing puts today by 20,666 to 1.
Alexza Pharmaceuticals, Inc. is a pharmaceutical company focused on the research, development, and commercialization of products for the acute treatment of central nervous system conditions.
