Notable Put Options Activity in Adolor

Shares of Adolor ADLR are higher on the session by 132.81%, currently trading at $4.47. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $5.00 put traded 950 times on open interest of 21 contracts. Put volume is outpacing call volume by 5 to 1. Adolor announced this morning that it is to be acquired by Cubist CBST for $4.25 per share in cash. Adolor Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of prescription pain and pain-management products. ENTEREG is the United States Food and Drug Administration approved product.