Market Overview

Calls Purchased on BioSante Pharmaceuticals, Inc. (BPAX)

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Shares of BioSante Pharmaceuticals, Inc. (NYSE: BPAX) are higher on the session by 2.97%, currently trading at $2.18. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average.

Options traders are buying calls on the name today. A short while ago the December 2011 $2.50 call was purchased 1,000 times, on the offer, on open interest of 2,727 contracts.

Overall call volume is now running at 2.66x the daily average with 97% of all calls traded being purchases on the offer.

BioSante Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on developing products for female sexual health, menopause, contraception and male hypogonadism.

Posted-In: Long Ideas Technicals Options Trading Ideas

 

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