OptionsHouse

Options Trading News

October 3, 2013  Thu 2:45 AM CT

CTIC: SEE CHART GET CHAIN FIND STRATEGIES
An enormous put sale dominated yesterday's option activity in Cell Therapeutics.

A trader sold 10,000 December 1.50 puts in one print for $0.20, according to optionMONSTER systems. That compares to total open interest of 7,473 at all strikes, so this is clearly a new position.

The put seller is looking CTIC to stay above that $1.50 mark through expiration in mid-December. The trader also risks having to buy shares if they fall below that strike price. (See our Education section)

CTIC finished yesterday unchanged at $1.66, continuing to trade in an increasingly tight range. Shares of the cancer-drug developer were down at $1.10 three weeks ago.

The put sale made up almost all of CTIC's 10,198 total contracts yesterday, which was 25 times its daily avearge for the last month.
Share this article with your friends


Invest Like a Monster - San Diego: June 26-27

Premium Services

Education & Strategy

Investor deficiency in premium collection

Most investors have heard about selling options as a form of income generation. You hear it from brokers and financial advisors as a way to generate income without selling off pieces of your nest egg, dwindling through your retirement accounts, and then being stuck figuring out how to financially afford the rest of your life...

View more education articles »