MannKind Corporation (MNKD) Gains Have Calls Running Hot

MannKind Corporation (MNKD) calls have seen seen tons of action in the past two weeks

Digital Content Group
Jan 30, 2015 at 2:10 PM
facebook X logo linkedin

Calls have been the options of choice among MannKind Corporation (NASDAQ:MNKD) speculators of late. Specifically, during the past 10 sessions, traders have bought to open nearly 12 calls for every put at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). The biopharmaceutical company's resulting 10-day call/put volume ratio across these exchanges comes in at 11.75 -- higher than 88% of all such readings from the past year.

Reinforcing this preference for calls over puts is MNKD's Schaeffer's put/call open interest ratio (SOIR) of 0.32, which is just 3 percentage points from an annual low. In other words, call open interest roughly triples put open interest, among options expiring in the next three months.

However, it should be noted that some of this activity could be the result of short sellers protecting their bets, as close to 30% of the security's float is sold short. It would take over three weeks for short sellers to buy back these positions, at the stock's average pace of trading.

While MannKind Corporation (NASDAQ:MNKD) has added over 17% in the past 52 weeks, it's struggled of late. Since touching a multi-year high of $11.48 on June 30, the shares have dropped 44.5%, but were last seen 1.4% higher at $6.37.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI