Idenix Pharmaceuticals - Trading Review

Posted on 05/24/2012 by Norm Sorkin

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NEW YORK (AVAFIN) -- Unusual volume of call and put contracts exchanged hands during the last trading session between buyers and sellers for Idenix Pharmaceuticals shares. A total of 25,831 call and 12,315 put contracts were traded raising a 0.48 put/call ratio.

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Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

IDIX is trading above the 50 day moving average and higher than the 200 day moving average. Shares of Idenix Pharmaceuticals closed at $10.08, up $0.77 (+8.27%) in the last trading session. Today's volume of 2M shares is greater than the average volume of 1M shares.


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