Poniard Pharmaceuticals (PARD) is up 28 cents and options volume is running 3X usual after a strategist does the following: sold 3400 Dec 2 – 5 puts spreads for $1.1 and sold 100 Dec 7.5 calls for $2.60. It might be closing or possibly an attempt to capture high implied vols, betting that the stock will settle between $5 and $7 at the December expiration. PARD is up 28 cents to $7.50 and average implied vols in PARD options is moving to 110, from about 106 late Thursday.