Market Overview

Notable Put Options Activity in Adolor

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Shares of Adolor (NASDAQ: 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 (NASDAQ: 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.

Posted-In: Options Markets

 

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