AVEO Pharmaceuticals, Inc. (AVEO) was trading down yesterday .43 to 7.69. ?AVEO is trading on one-week lows.
Paper sold on split prices the AVEO Feb 7.5 puts for .55 and .60 for a total of 2,000 contracts.? ?Average contract volume is 309 contracts per day in the name.? Open interest was 1,057 prior to this trade. The puts look to be a straight sell to possibly acquire the stock for lower prices.? The implied volatility is down 12% on the strike.
30-day implied volatility is 70%.?? 10-day implied volatility is 40%.? 30-day implied volatility is trading over the 10 day historical volatility.?
AVEO Pharmaceuticals, Inc. is a cancer therapeutics company discovering, developing and commercializing targeted cancer therapies.