Shares of Chelsea Therapeutics International ltd (CHTP) are trading down .09 to 1.74.? The stock is trading in the middle of the 52-week range.
Today puts went up in the CHTP Sep 1 for .08 15,000 times in one block.? Average volume is 1,172 contracts per day in the name.? Open interest is over 15,324 contracts.
The volume looked like a buyer of puts closing an existing position or adding to that position.? The volume is about the same as the open interest so next day?s data will be conclusive on a closing or opening trade.? The IV is just higher by 2.3 points.
30-day implied volatility is 95%.? ?10-day implied volatility is 62%.? 30-day implied volatility is trading above the 10-day historical volatility.
Chelsea Therapeutics International, Ltd. is a development stage pharmaceutical company that focuses on acquiring, developing and commercializing products for the treatment of a variety of human diseases.