Notable Put Options Activity in BioSante Pharmaceuticals

Shares of BioSante Pharmaceuticals BPAX are higher on the session by 7.43%, currently trading at $2.385. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $2.50 put traded 4,100 times on open interest of 1,487 contracts. BioSante Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on developing products for female sexual health, menopause, contraception and male hypogonadism.