Shares of Vivus, Inc. (VVUS) are down .28 to 9.34.? VVUS is near the lower end of the 52-week range.
Today paper traded 4,979 VVUS Jan 8 puts for .29. The ADV is 9,093 contracts.? The OI is 2,075 contracts.
The volume went up in one block on the bid.? The trade looks like an opening put sale to get long the underlying however the block size could be tied to stock in some way so the intention is unclear.? If a sale, the customer is looking for a buy below the year lows.
30-day implied volatility is 64%. ? 10-day implied volatility is 23%.? 30-day implied volatility is trading above the 10-day historical volatility.
VIVUS, Inc. is a biopharmaceutical company. It commercializes and develops therapies to address unmet needs in obesity, sleep apnea, diabetes and sexual health.