Traders Buy Large Volume of Put Options on Evelo Biosciences (NASDAQ:EVLO)

Evelo Biosciences, Inc. (NASDAQ:EVLO) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 1,885 put options on the stock. This represents an increase of 1,101% compared to the average daily volume of 157 put options.

Evelo Biosciences Trading Up 400.0 %

Shares of NASDAQ:EVLO opened at $0.00 on Friday. Evelo Biosciences has a 12-month low of $0.00 and a 12-month high of $0.07.

Evelo Biosciences Company Profile

Evelo Biosciences, Inc, a clinical-stage biotechnology company, focuses on discovering and developing oral medicines that act on immune cells in the small intestine with systemic effects. It is developing EDP1815, a whole-microbe product candidate, which has completed a Phase 2 trial for the treatment of psoriais; and is in Phase 2 clinical trial for the treatment of atopic dermatitis.