February 14, 2011

Celldex sees a Spike

Celldex is seeing some bullish action today with a volume spike (~10k shares) during the day.

This was accompanied by a rise in option volume with over 90 march $4 calls being traded and large open interest in $4 and $5 march calls. A point of concern however is that there seems to be large Ask vs bid for the calls - so it might indicate a large stock buyer trying to lower the cost by selling costs.
CLDX is reporting earnings early March.

Disclosure: Long CLDX

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