Shares of Galena BioPharma Inc. (GALE) are up .25 to 3.39 today. GALE is in the middle of the 52 week range.
Today paper traded 5901 GALE Jan 2015 3 puts at 95-1.00.? ?The ADV is 3369 contracts.? The OI is 1946 contracts.
The volume went up in scattered small sizes.? It appears this is a newsletter type trade where investors are mostly selling the Jan 2015 3 puts in the .95 to 1.00 range.? IV is down in Jun 2015.? It looks like investors want to get long around the $2 level which makes these a decent sale.? ADV is 6x normal today.
30-day implied volatility is 105%.?? 10-day implied volatility is 103%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Galena Biopharma, Inc. (Galena), is a biotechnology company focused on discovering, developing and commercializing therapies addressing unmet medical needs using targeted biotherapeutics.