VIVUS, Inc. (VVUS) Traders Cut Their Losses

VIVUS, Inc. breached potential support at $3 on Friday, sending put sellers running

Digital Content Group
Dec 15, 2014 at 10:29 AM
facebook X logo linkedin

VIVUS, Inc. (NASDAQ:VVUS) has been in a steady downtrend since mid-2013, and is currently churning in multi-year-low territory at $3.10. On Friday, in fact, the shares touched $2.92 -- their lowest level since March 2009. Not surprisingly, put volume more than tripled the usual single-session amount.

Specifically, Friday's most active VVUS strike was the January 2015 3 put, where 1,189 contracts were exchanged. However, rather than being bought to open in the hopes of additional downside, the positions were actually bought to close, as put sellers attempted to limit their losses.

Taking a step back, sentiment has generally been negative on VIVUS, Inc. (NASDAQ:VVUS) -- not surprising, given the aforementioned technical struggles. For example, two-fifths of the equity's float is sold short, representing nearly four weeks' worth of pent-up buying power, at typical daily trading levels. What's more, VVUS' 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.06 ranks in the 82nd percentile of its annual range.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI