Biotech with Opening Put Sales in OI Setup for Breakout Higher
Insmed (INSM) shares of the biotech name closed last week strong back above a trend line and now the long consolidation since August looks poised to move back up to new highs as the key 70 support level held which is where the stock has massive opening puts sold in January $70 strike for over 5000x in open interest. Also, recent buyers of Nov $77.50 calls and Jan $80 calls still in OI.
