Notable Put Options Activity in Targacept
Shares of Targacept (NASDAQ: TRGT) are lower on the session by 1.79%, currently trading at $6.02. The stock has been moving largely lower over the past two months 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 $5.00 put, which has traded 1,000 times on open interest of 2,911 contracts.
Put volume is outpacing call volume by 25 to 1.
Targacept, Inc. is a biopharmaceutical company engaged in the design, discovery and development of neuronal nicotinic receptor Therapeutics for the treatment of diseases and disorders of the nervous system.
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