Shares of Galectin Therapeutics Inc. (GALT) are up 2.38 to 15.87 today.? GALT is making a 52-week high.
Today paper traded 1,900 GALT Jan 15 call for 2.20-2.35.? ADV is 223 contracts.? The OI is 324 contracts.
The volume went just off of the offer in 100 lot blocks on one exchange.? The ADV is 20 x normal today with 3,453 options going up on this strike alone.? IV is up 10 points in here.? This looks like more speculative call buying on very high implied volatility.? GALT just gapped from 8.52 recently.
30-day implied volatility is 136%.? ?10-day implied volatility is 230%.? 30-day implied volatility is trading below the 10-day historical volatility.
Galectin Therapeutics Inc., formerly Pro-Pharmaceuticals, Inc. is a development-stage company. The Company is engaged in drug development to create therapies for cancer and fibrotic disease.