Notable Put Options Activity in Spectrum Pharmaceuticals
Shares of Spectrum Pharmaceuticals (NASDAQ: SPPI) are lower on the session by 2.63%, currently trading at $12.77. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $13 put, which has traded 6,300 times on open interest of 1,389 contracts.
Put volume is outpacing call volume by 3.5 to 1.
Spectrum Pharmaceuticals, Inc. is a commercial stage biopharmaceutical company, engaged in developing and commercializing therapies with a focus primarily in the areas of hematology-oncology and urology.
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