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Ironwood Pharma (IRWD) Bull Adjusts Position

Ironwood Pharma (IRWD) Bull Adjusts Position

by | Aug 10, 2021 | Open Interest Alerts

Ironwood Pharma (IRWD) with a large trade on 8/10 that bought 5000 November $15 calls to open at $1.05 as the August $15 calls adjusted at $0.05 after opening on 6/25 near $0.90, so a position underwater and buying more time. IRWD is an interesting long-term chart as a name that has been in a sideways range of $8.50 to $13.50 for most of the decade and currently shares breaking out of a daily bull flag and long monthly base that measures to a target of $18.50. IRWD was written up on 6-29 detailing the opportunity for LINZESS growth.