Apogee Therapeutics Shares Down 13.0% to $69.44
Apogee Therapeutics is down -13.0%, or -$10.42 to $69.44.
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- Active Options Trading: Apogee Therapeutics has seen an options volume of 4,166 contracts today, equating to approximately 416,600 shares, indicating a trading activity level of 46.6% of its average daily volume over the past month.
- High Demand Options: Notably, the $90 strike call option expiring on March 20, 2026, has seen a significant volume of 2,505 contracts traded today, representing about 250,500 shares, reflecting strong market interest at this strike price.
- Ceva Inc Options Activity: Concurrently, Ceva Inc has recorded an options volume of 1,294 contracts today, approximately 129,400 shares, which corresponds to 45.8% of its average daily trading volume over the past month.
- Increased Interest in Strike Price: Among Ceva's options, the $30 strike call option expiring on February 20, 2026, has seen a trading volume of 506 contracts today, representing around 50,600 shares, indicating a rising market focus on this strike price.

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- Share Sale: Carl Dambkowski, CMO of Apogee Therapeutics, sold 18,700 shares for approximately $1.46 million, reducing his direct holdings by 8.09% from 231,223 to 212,523 shares, indicating a structured liquidity management approach.
- Option Exercise: Prior to the sale, Dambkowski exercised 14,025 stock options, maintaining a substantial stake worth about $16.8 million, which reflects his ongoing confidence in the company's future prospects.
- Market Performance: Apogee Therapeutics shares have surged approximately 60% over the past year, significantly outperforming the S&P 500's 18% gain, indicating growing market confidence in its immunology pipeline and competitive positioning in the biotech sector.
- Financial Position: As of the third quarter, Apogee reported $913 million in cash and cash equivalents, ensuring funding through the second half of 2028, which supports its strategic development in clinical-stage biologics.
- Significant Transaction Size: Apogee Therapeutics' CMO Carl Dambkowski sold 18,700 shares for a total value of $1.46 million on Wednesday, which is substantially larger than his recent median sale size of 3,690 shares, highlighting the impact of the options exercise on transaction scale.
- Options Exercise and Sale: The transaction involved exercising 14,025 options and immediately selling 18,700 shares, indicating a structured liquidity event following a strong market performance rather than a signal of clinical confidence in the company.
- Stable Equity Holdings: Post-transaction, Dambkowski retains 212,523 shares valued at approximately $16.8 million, demonstrating continued confidence in the company despite the large sale.
- Company Financial Health: Apogee Therapeutics has a market capitalization of $5.3 billion and a 60% stock price increase over the past year, reflecting strong market confidence in its immunology pipeline, while closing the third quarter with $913 million in cash and equivalents, ensuring funding for future needs.
- Significant Transaction Size: Apogee Therapeutics' Chief Medical Officer Carl Dambkowski executed an open-market sale of 10,900 shares for approximately $817,500 on December 4, 2025, marking the largest single transaction in the past 12 months, indicating a potential shift in confidence regarding the company's stock.
- Ownership Impact: This sale accounted for 3.87% of Dambkowski's direct holdings, significantly higher than the median 1.13% impact over the past year, suggesting an acceleration in his selling activity, which may reflect adjustments in expectations for future market conditions.
- Declining Holdings Trend: Dambkowski's direct ownership has decreased from 331,948 shares at the beginning of 2025 to 271,108 shares post-transaction, representing an 18.33% reduction, indicating a possible waning confidence in the company's future prospects.
- Positive Market Reaction: Although this transaction occurred against the backdrop of Apogee's stock surging over 45% by the end of 2025, Dambkowski's sale was part of a prearranged trading plan designed to mitigate insider trading risks, demonstrating his ongoing commitment to the company's future growth.
- Attractive Options: The $75 put option for APGE has a current bid of $7.00, and if an investor sells-to-open this contract, their effective purchase price drops to $68.00, representing a 3% discount compared to the current stock price of $77.68, making it appealing for potential buyers.
- Yield Potential: Should the put contract expire worthless, it would yield a 9.33% return on cash commitment, equating to an annualized yield of 47.34%, highlighting the contract's attractiveness in the current market context.
- Market Volatility: The implied volatility for the put contract stands at 77%, while the call contract's implied volatility is at 80%, indicating market expectations for price fluctuations in APGE stock, which investors should monitor for strategic decision-making.
- Covered Call Strategy: The $80 call option for APGE has a current bid of $7.30, and if investors buy shares at the current price and sell this call, they could achieve a total return of 12.38% if the stock is called away at expiration, enhancing overall investment returns.










