AVEO Pharmaceuticals, Inc. (AVEO)

[Apophis]

Aveo Pharmaceuticals

attracts put buyers. The stock up 10c to $2.95 and Oct 2.5s trade across the exchanges Monday morning for 20 to 30c per contract. 5.9K changed hands against 2.8K open interest. Bearish flow in AVEO comes after a one-month 46% rally in shares and less than two months after the stock saw notable weakness in mid-July after the company said it would to report TIVO-3 topline data in Q4 because PFS events occured slower than expected. Oct 2.5 put buying today is likely stock hedges for fear of another sell-off when the data are published.