$ARNA Arena Pharma - Bearish Options Activity

ARNA Arena Pharma - Approaching a long term resistance level today at $80.00 - anticipating a near term retrace.

Unusual Bearish Options Activity -
5k $70.00 strike (OTM) Dec'20 puts traded yesterday vs open interest <250 or 23x OI for over $4M

Near term target: $70-$72 range by early November



Note: This is NOT investment advice.