Notable Call Options Activity in Sangamo BioSciences
August 30, 2011 11:56 AM
Shares of Sangamo BioSciences (NASDAQ: SGMO) are higher on the session by 3.73%, currently trading at $5.28. 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. A short while ago the October 2011 $8.00 call traded 800 times on open interest of 1,000 contracts.
Calls are outpacing puts today by 66 to 1.
Sangamo BioSciences, Inc. is engaged in the research, development and commercialization of zinc finger deoxyribonucleic acid (DNA)-binding proteins, a naturally occurring class of proteins, and develop a technology platform. ZFPs can be engineered to make ZFP transcription factors, proteins that can be used to turn genes on or off, and ZFP nucleases, proteins that enable it to modify DNA sequences in a range of ways.
