Notable Put Options Activity in Theravance
Shares of Theravance (NASDAQ: THRX) are lower on the session by 7.29%, currently trading at $20.49. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $15.00 put, which has traded 2,100 times on open interest of 24 contracts.
Put volume is outpacing call volume by 3 to 1.
Theravance, Inc. is a biopharmaceutical company with a pipeline of internally discovered product candidates.
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