3120 VNDA Nov 11 calls went up in one block on the PHLX.?
Shares of Vanda Pharma (VNDA) are down .52 to 16.08 today.? VNDA is near the upper end of the 52 week range.
- Paper traded 3120 VNDA Nov 11 calls for 5.30.?
- The ADV is 515.
- The OI is 3253 contracts.
The volume went up in one block on the PHLX.? These calls traded just under parity at the time and looked like a sell to close.??? Within minutes a Jan 2017 18 call over 15 put went up in mid-market. The call seller could be rolling out the delta to a risk reversal.? The trades are similar in delta exposure on the upside with the puts looking like a sale.
- IV 30 is trading for 66%.?
- HV10 is trading for 40%.?
- IV 30 is below the HV 10.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products for the treatment of central nervous system (CNS) disorders.