Shares of Optimer Pharmaceuticals Inc. (OPTR) are trading down 2.28 to 12.64 today.? The stock is trading well under the 52 week high.
Today paper traded the OPTR Dec 12.5 and 15 puts for 1.55 and 2.75 2000x.?? Average volume is 636 contracts per day.? Open Interest is 42 contracts total.
The volume looks like a spread trader buying up the 12.5 puts and selling out the 15 puts.? The 15 puts traded mid-market and the 12.5 puts traded through the offer at the time.? The paper could be taking advantage of the poor earnings report.
30-day implied volatility is 82%.?? 10-day implied volatility is 31%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Optimer Pharmaceuticals, Inc. (Optimer) is a biopharmaceutical company focused on developing and commercializing hospital specialty products. The Company?s development is focused on products that treat gastrointestinal infections and related diseases.
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