Shares of Spectrum Pharmaceuticals, Inc. (SPPI) are up .04 to 7.78.? CNDO is near a 52-week low.
Today paper traded 1000 SPPI May 7 puts at .40. The ADV is 373.? The OI is over 3247 contracts.
The paper went up in 1 block.? The .40 trade had more volume going up on the BATS exchange in good size with 3070 puts traded so far on the day.? The IV is up 4 points in May as put sellers took the jump in IV as an opportunity to sell more.? It is possible this is closing but the paper looks opening with the sales into the IV hop.? Closing paper would be taking the small dollars and running.
30-day implied volatility is 51%.? ?10-day implied volatility is 36%.? 30-day implied volatility is trading above the 10-day historical volatility.
Spectrum Pharmaceuticals, Inc. (Spectrum) is a biotechnology company with fully integrated commercial and drug development operations with a primary focus in hematology and oncology.?