Shares of Threashold Pharaceuticals Inc. (THLD) are down .10 to 4.94.? THLD is in the middle of the 52 week range.
Today paper traded 1000 THLD Mar/Jun 5 straddles swaps for 1.50.? The OI is over 2k contracts per strike in Mar and under 800 in Jun.
The paper went up in 4 blocks just inside the markets.? The setup was a customer sold Mar and then bought the Jun.? There was almost no bid for the Mar, which traded around .10, and then the Jun traded near the bid.? With the Jun IV up 9 points the customer most likely bought them.? This is rolling spread.
30-day implied volatility is 72%.? ?10-day implied volatility is 21%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Threshold Pharmaceuticals, Inc. is a biotechnology company focused on the discovery and development of drugs targeting the microenvironment of solid tumors and the bone marrows of some hematologic malignancies (blood cancers) as treatments for patients living with cancer.