Options Trading News

September 16, 2016  Fri 5:16 AM CT


Agios Pharmaceuticals has jumped in the last month, and traders apparently believe that shares will hold onto those gains.

optionMONSTER's monitoring systems detected the sale of 2,010 November 45 puts for $3.80 to $4.30 yesterday. Volume surpassed open interest of 535 contracts, showing that this is new positioning.

Short puts lock in a price where investors must buy a stock, while letting them collect premium. Traders use the technique when they like a stock and think that the risk of a big drop is limited. (See our Education section)

AGIO rose 1.39 percent to $45.89 yesterday and is up 9 percent in the last month. The drug developer is expected to announce quartelry results in pre-market hours on Nov. 3.

Overall option volume was 4 times greater than average in the name yesterday..

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