Notable Put Options Activity in Exelixis
Shares of Exelixis (NASDAQ: EXEL) are lower on the session by 4.10%, currently trading at $7.49. 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 November 2011 $6.00 put traded 570 times on open interest of 2,829 contracts.
Put volume is outpacing call volume by 4.5 to 1.
Exelixis, Inc. is a biotechnology company committed to developing small molecule therapies for the treatment of cancer. The company is focusing its resources and development efforts on cabozantinib.
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