Upside Calls Active on Auxilium Pharma (AUXL)
Shares of Auxilium Pharmaceuticals (AUXL) are trading lower on the session by 1.19%, at $22.35. The stock has been pushing lower throughout all of October and is currently nearing the 200-day moving average.
With shares entering oversold territory, one trader is buying out-of-the money calls on the name today. The November $27.50 call was purchased 1,264 times, on the offer, for $0.25; volume on the strike has since risen to over 1,650 contracts. There was no previous open interest on the strike.
This trade has pushed overall call volume to 3.8x normal volume, with 96% of all calls traded being purchases on the offer.
30-day implied volatility is bumping up by 3% today, to 45.84%. 10-day historical vol remains near 37%.
Auxilium Pharmaceuticals, Inc. is a specialty biopharmaceutical company with a focus on developing and marketing products to predominantly specialist audiences.
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