OptionsHouse

Options Trading News

January 18, 2013  Fri 9:39 AM CT

NAVB: SEE CHART GET CHAIN FIND STRATEGIES
Traders are positioning for continued low volatility in Navidea Biopharmaceuticals.

More than 5,800 NAVB options have traded so far today, compared to a total daily average of 374 in the last month. The bulk of that volume came in a single call sale.

A trader sold a single block of 4,879 July 3 calls for $0.60, below the listed bid price at the time. Open interest in the strike was just 285 before today's trading began, so this is a new position.

The options weren't tied directly to any trading in the underlying shares identified by our systems today. But given that these contracts were struck at the money, it is very likely that the calls are sold against long shares.

That would result in a covered call position would be looking for low volatility, with NAVB remaining around this $3 level. (See our Education section)

NAVB is at $3 exactly this morning, unchanged on the day and continuing to trade in a tight range in place since the beginning of the year. Shares climbed from a low of $2.14 set in mid-November after hitting a high of $4.77 in July.
Share this article with your friends


Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Free Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »