Unusual Options Activity Alert: ASTM
UNUSUAL ACTIVITY ALERT: AASTROM BIOSCIENCES (ASTM)
- Options Insider's scanners picked up an unusual volume surge in ASTM today.
- ASTM typically trades 200 contracts per day. Today's volume was well north of 10,000 contracts
- Call Roll - The bulk of the activity is centered around 5,000 MAY/AUG 2.5 Call spreads. Paper purchased AUG and sold MAY.
- Open Interest levels on the May 2.5 calls indicate that this is a roll of an existing long call position to August, indicating the trader is probably extending a bullish bet on the underlying.
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