Shares of Zogenix, Inc. (ZGNX) are up .13 to 4.98. ZGNX is making a 52-week high today.
Today paper traded 1208 ZGNX Apr 5 calls at .95-1.05 today.? ADV is 396 contracts.? The OI is 666 contracts.
The volume went up in multiple small blocks.? The paper bid .95 early and most of the day volume has traded on the bid pushing the IV down 1.89 points in Apr.? With ZGNX trading a 52 week high, the call sellers look like buy writers locking in gains.? UA highlighted over writers on Feb 11th.
30-day implied volatility is 109%.? ?10-day implied volatility is 67%.? 30-day implied volatility is trading above the 10-day historical volatility.
Zogenix, Inc. (Zogenix) is a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain.