MannKind Corporation (MNKD) Pop Fails to Deter Doubters

MannKind Corporation (MNKD) has seen high levels of put buying and short selling of late

Digital Content Group
Feb 10, 2015 at 10:31 AM
facebook X logo linkedin

MannKind Corporation (NASDAQ:MNKD) has tacked on 4% today to trade at $7.81, despite the absence of a clear driver. Year-to-date, the shares have now advanced roughly 50%. Nevertheless, options traders are striking a decidedly skeptical stance this morning.

Diving right in, MNKD puts are trading at four times the expected intraday rate. Far and away the stock's most active strike is the deep in-the-money May 12 put, which speculators are buying to open in the hopes of a pullback by the close on Friday, May 15 -- when the contracts expire.

Puts have been the options of choice in recent weeks, as well. MNKD's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.89 ranks in the 88th percentile of its annual range. In like manner, the equity's Schaeffer's put/call open interest ratio (SOIR) of 1.00 stands above 86% of all other comparable readings from the past year. Of course, given MNKD's technical tenacity, a portion of these bearish bets may have been initiated by shareholders seeking a downside hedge.

However, one group that's unmistakably skeptical of the stock is short sellers. Nearly 30% of MannKind Corporation's (NASDAQ:MNKD) float is sold short, which would take more than three weeks to cover, at typical daily trading volumes.


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