Interest in Alexza (ALXA) Mar 1 calls continues after one investor bought 10,000 for 30 cents per contract. Shares are up a penny to 75 cents and today’s flow likely adds to positions during the past week. Yesterday’s activity created 10,059 of new OI. At 23,862, Mar 1 calls are by far the largest position in the biotech (please see 12/21 color for more details).
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.