Shares of the Galectin Therapeutics Inc. (GALT) are up 2.24 to 16.83 today.? GALT is trading near a 52-week high.
Today paper traded 1040 GALT Apr 10 puts for .35-.60.? The ADV is 1047.? The OI is 500 contracts.
The paper went up in scattered volume.? Early in the day a .55 bid went up lifting put prices. The puts continued to trade .55 in small quantities with a .55 bid still posted.? IV30 exploded to 179%, up 44 points.? With the stock up recently coming news is pushing the IV way, way up.
30-day implied volatility is 178%.? ?10-day implied volatility is 63%.? 30-day implied volatility is trading above the 10-day historical volatility.
Galectin Therapeutics Inc., formerly Pro-Pharmaceuticals, Inc. is a development-stage company. The Company is engaged in drug development to create therapies for cancer and fibrotic disease.