Traders Busy as Ohr Pharmaceutical Inc (OHRP) Reels on Data

OHR Pharmaceutical Inc (OHRP) touched a multi-year low today

Digital Content Group
Mar 27, 2015 at 10:50 AM
facebook X logo linkedin


OHR Pharmaceutical Inc (NASDAQ:OHRP) is getting bloodied up this morning, after the biotech firm's experimental eye drug fell short of its goal during a mid-stage trial. At last check, the stock was down nearly 65% at $3.08, and fresh off a multi-year low of $2.90. Shifting gears, OHRP options are flying off the shelves at 12 times the expected intraday rate.

A number of front-month calls are in the crosshairs. Specifically, the April 2.50, 10, 12.50, and 15 strikes are experiencing notable volume, with possible buy-to-open activity detected at the in-the-money strike. However, OHRP's most active option is the April 7.50 put, which is seeing a mix of buying and selling activity.

One group that's likely cheering today's technical breakdown is short sellers. Short interest on OHR Pharmaceutical Inc (NASDAQ:OHRP) grew 25% during the two most recent reporting periods, and now makes up 15.5% of the equity's total float. However, additional short selling isn't currently an option, as OHRP has been placed on the short-sale restricted list.

 

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