Calls Purchased on Cubist Pharma (CBST)

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Shares of Cubist Pharmaceuticals Inc. (NASDAQ: CBST) are higher on the session by 4.23%, currently trading $22.42. The stock was trading lower and lower over the past few weeks, but has managed to regain the 50-day moving averages in today’s trade. Calls are being bought on the name today with the June $22.50 strike call purchased 1,150 times on open interest of 1,192 contracts, as well as 4,613 contracts traded on the June $25 strike, which has open interest of 77 contracts. The July $25 call was also purchased 1,180 times on 22 open contracts. Call volume is now running at 5.82x the daily average. Cubist Pharmaceuticals, Inc. is a biopharmaceutical company focused on the research, development and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment

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