Short
$ARNA Arena Pharma - Bearish Options Activity
ARNA Arena Pharma - Approaching a long term resistance level today at $80.00 - anticipating a near term retrace.Unusual Bearish Options Activity -
5k $70.00 strike (OTM) Dec'20 puts traded yesterday vs open interest <250 or 23x OI for over $4M
Near term target: $70-$72 range by early November
Note: This is NOT investment advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.