Optimer Pharmaceuticals is getting crushed today, and one
investor is doubtful of any quick rebound.
optionMONSTER's tracking systems detected the sale of 5,000 March
12.50 calls for $1 against open interest of just 159 contracts. The
trade pushed overall options volume in the name to almost triple
the daily average.
OPTR is down 11.31 percent to $10.98 in afternoon trading and has
lost more than 20 percent of its value in the last week. Most of
that drop occurred after the company reported a wider-than-expected
loss after the bell last Thursday.
Writing calls obligates the investor to sell shares at the strike
price. He or she may own the stock and is using the options to
while holding a position. Such trades frequently occur after a
stock makes a big move because volatility, and thus option
premiums, remains elevated. (See our
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