Shares of Avanir Pharaceuticals Inc. (AVNR) are trading up .21 to 4.05 today.? AVNR is in the middle of the 52-week range.
Today paper traded 7121 AVNR Jun 4 calls for 1.20.? ADV is 3427 contracts.? The OI is 604 contracts.?
The volume went up in one large block lifting the offer at the time.? The Mar 4 calls went up prior to Jun 7500x close to the bid at .42. The trade could be a roll but was not marked as a spread.? There is very high volume trading at the money with IV 30 dropping 5 points.? It looks like OI is moving from the near term to the far term and wants to stay long.? The outer months are all trading at higher prices than the early big buys.l
30-day implied volatility is 156%. ? 10-day implied volatility is 31%.? 30-day implied volatility is trading above the 10-day historical volatility.
AVANIR Pharmaceuticals, Inc. (AVANIR) is a pharmaceutical company focused on developing and commercializing therapeutic products for the treatment of central nervous system disorders.