NEW YORK (AVAFIN) -- Arena Pharmaceuticals options contracts experienced a new 90-day record for call contracts where a total
of 12,585 call contracts were traded in the busy trading session. The contract spread
yielded a 0.29 put/call ratio where 3.5 call contracts were traded for each put contract.
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The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation
of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a
stock move is imminent.
Arena Pharmaceuticals is trading at $7.95, down $0.06 (0.69%) in today's trading session.
The daily low is $7.92 and the high is $8.10. The trading volume of 2M is below
the average volume of 5M shares. ARNA is trading below the 50 day moving
average and lower than the 200 day moving
average. The stock's 52 week low is $2.00 and 52 week high is $13.50. Within the last month, shares of ARNA have lost -23.44% of their value.