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

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

Evelo Biosciences Price Performance

Evelo Biosciences stock opened at $0.00 on Thursday. Evelo Biosciences has a 52 week low of $0.00 and a 52 week high of $0.07.

About Evelo Biosciences

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.