Notable Put Options Activity in ARIAD Pharmaceuticals
Shares of ARIAD Pharmaceuticals (NASDAQ: ARIA) are higher on the session by 2.56%, currently trading at $11.62. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the May 2012 $8.00 put, which has traded 5,000 times on open interest of 157 contracts. The May2012 $7.00 put also traded 5,000 times on 37 contracts.
Put volume is outpacing call volume today.
ARIAD Pharmaceuticals, Inc. is a biopharmaceutical company focused on the discovery and development of drugs to provide therapeutic intervention in treating human diseases at the cellular level.
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