Calls Purchased on BioSante Pharmaceuticals, Inc. (BPAX)

Shares of BioSante Pharmaceuticals, Inc. BPAX are higher on the session by 2.97%, currently trading at $2.18. The stock has been moving largely higher over the past six months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the December 2011 $2.50 call was purchased 1,000 times, on the offer, on open interest of 2,727 contracts. Overall call volume is now running at 2.66x the daily average with 97% of all calls traded being purchases on the offer. BioSante Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on developing products for female sexual health, menopause, contraception and male hypogonadism.