Shares of Inovio Pharamaceuticals Inc. are down .02 to 2.26 today. ?INO is in the middle of the 52 week range.

Today paper traded 9200 INO Aug 2.5 calls at .60. ?The ADV is 1241 contracts.? The OI is 15981 contracts.

The volume went up in 1 block.? More calls went up at the same price on different exchanges. The huge OI suggests this could be closing paper but INO only has a short life so far.? Paper might be adding even more to a buy write.? Check the OI on this one tomorrow.? It would be closing for a big loss if not.

30-day implied volatility is 162%.?? 10-day implied volatility is 52%.? 30 day implied volatility is trading above 10 Day Historical volatility.

Inovio Pharmaceuticals, Inc. is engaged in the development of a new generation of vaccines, called synthetic vaccines, focused on cancers and infectious diseases.