Notable Put Options Activity in MannKind
Shares of MannKind (NASDAQ: MNKD) are higher on the session by 3.12%, currently trading at $2.31. 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 May 2012 $4.50 put, which has traded 508 times on open interest of 118 contracts.
Put volume is outpacing call volume by 3 to 1.
MannKind Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutic products for diseases, such as diabetes and cancer.
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