AVANIR PHARMACEUTICALS (AVNR)

[Dakota Option]

NEW YORK (Market Intellisearch) -- Unusual volume of put contracts was traded today. There were 6,677 puts contracts versus the ten day average volume of 1,626. On the calls side, 2,407 calls contracts were traded. Today's traded Put/Call ratio is 2.77. There were 2.77 puts traded for each call contract.

I doubt this is inst investors, shorts coming back here--thats ok --they got burnt once and will again-----some hedging going on to buy at lower price on WED.-Thursday---well all week and Friday hung in there. Im not sure but i think on the 24th or sometime next week QTER results. HOWEVER MORE PUTS USUALY MEAN A BOTTOM --AND IMO THIS IS IT ----USUALLY A A BIG BOUNCE IN THE COMING WEEKS OR MONTHS--WITH THAT SAID--OVER 90PCT OPTION TRADERS AT THE END OF THE YEAR ARE LOSERS. I always said no one can predict price movement with out having inside info --ESPECIALLY HERE with an FDA APPROVAL AND POSSIBLE TAKEOVER TARGET.