Investors 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. Stock traders acquired 1,885 put options on the stock. This is an increase of approximately 1,101% compared to the typical daily volume of 157 put options.

Evelo Biosciences Stock Performance

NASDAQ:EVLO opened at $0.00 on Thursday. The firm has a market cap of $7,593.20, a P/E ratio of 0.00 and a beta of 1.50. Evelo Biosciences has a fifty-two week low of $0.00 and a fifty-two week high of $0.08.

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.