Notable Put Options Activity in Celldex Therapeutics
Shares of Celldex Therapeutics (NASDAQ: CLDX) are lower on the session by 4.98%, currently trading at $3.63. The stock has been moving largely lower over the past three weeks 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 May 2012 $3.00 put, which has traded 5,100 times on open interest of 5,332 contracts.
Put volume is outpacing call volume by 5 to 1.
Celldex Therapeutics, Inc. is a biopharmaceutical company, which applies its Precision Targeted Immunotherapy Platform to generate a pipeline of candidates to treat cancer and other difficult-to-treat diseases.
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