![Large Option Trader Betting On Biotech Stock Akebia Following Insider Buys]( "Large Option Trader Betting On Biotech Stock Akebia Following Insider Buys")
On Tuesday morning, Benzinga Pro subscribers received an option alert related to an unusually large Akebia trade. At 8:52 a.m., a trader bought 606 Akebia call options with a $5 strike price expiring on Dec. 20 near the ask price at 45.1 cents. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader.
