Inovio Pharmaceuticals Inc (INO)

[Scruffer]

I'll play. $110K Aug 30 Call Bought.

Inovio Option Trader Bets $110K That Coronavirus Vaccine Stock Will Double Again By August.

Inovio Pharmaceuticals Inc (NASDAQ: INO ) shares traded lower by 4.1% on Tuesday but remain up 451.5% over the past six months on hopes the company will ultimately be first to market with the COVID-19 vaccine the world desperately needs. On Monday, one large option trader made a huge Inovio option trade, seemingly betting that the company will jump out in front in the race for a coronavirus vaccine. The Inovio Trades On Monday afternoon, Benzinga Pro subscribers received an alert related to an unusually large Inovio option trade: At 2:55 p.m. on Monday, a trader bought 500 Inovio call options with a $30 strike price expiring on Aug. 21 at the ask price of $2.201. The trade represented a $110,000 bullish bet. Why It's Important Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader.