Shares of Coronado Biosciences Inc. (CNDO) are down .06 to 2.09 today.? CNDO is near a 52-week low.
Today paper traded 6000 CNDO May/Nov 2.5 call spreads at .30. The ADV is 737.? The OI is over 6000 contracts in May and 0 in Nov.
The paper went up in two huge blocks.? The initial prices traded outside the markets but were adjusted to inside what are very wide markets.? The May trade is a close and rolling a short call out to Apr on what is a yield capture play for a buy write.
30-day implied volatility is 107%.? ?10-day implied volatility is 72%.? 30-day implied volatility is trading above the 10-day historical volatility.
Coronado Biosciences, Inc. is a biopharmaceutical company focused on the development of novel immunotherapy biologic agents for the treatment of autoimmune diseases and cancer.